The Sterling, or Great British Pound (GBP) has been rallying in January but will this continue heading into the next month? Let’s take a look at the GBP/USD which is about to test the 1.61 resistance. The GBP/JPY is in a messy consolidation that could be a top, while the GBP/CHF has already topped off, and is showing a pullback. Finally, the EUR/GBP has been in a 3-swings-down  retracement-type pattern and might see support soon.

Is the Sterling’s strength going to reverse? We would love to hear what you think.
Subscribe and become a member to share your views and join live discussions as well as webinars about the markets.

Fan Yang CMT
Chief Technical Strategist
FXTimes

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analysis.