GBPUSD Intraday Technical Analysis


Looking at the 30 January GBPUSD Intraday Technical Analysis shows that the pair is further bearish below 1.4000 level. Read on and find out what more is disclosed in this analysis.

30 January, OctaFX – The British pound has extended losses against the greenback in early Tuesday trading, with price-action dropping back towards the key 1.4000 level. Overnight strength in the U.S dollar index and an undercurrent of political uncertainty in the United Kingdom has hit the GBPUSD pair hard.

Further losses below the 1.4000 level may accelerate downside pressures, as selling momentum appears to be gathering with a series of key support levels already breached.

30 January GBPUSD Intraday Technical Analysis

  • The GBPUSD pair is likely to come under further selling pressure below the 1.4000 level. Strong intraday support is found at 1.3950 and 1.3867.

  • Should price-action on the GBPUSD pair move above the 1.4041 level, buyers may test toward the key 1.4082 resistance area.

Disclaimer

This article about  30 January GBPUSD Intraday Technical Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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