Price Movement Since yesterday, GBP/USD rallied for around 100pips before moving down steadily for around 30pips.
Trend GBP/USD is trending upwards.
Macro Background None.
Important Issue The first day of the World Economic Forum annual meeting will start today. Comments made by highly influential figures may cause market volatility.
Technical GBP/USD rallied, broke the 1.29 level and loses steam before it can go close to the resistance level of 1.30.
Price Levels Current Price: 1.29485 Next Resistance: 1.3000 Next Support: 1.27431