GBPUSD Forecast Jan 28 - Feb 01

The Cable had slid more than 500 pips from the beginning of the year. It got stopped by the 50% support of last year’s high/low and closed at 1.5810 . Technically, when prices pass through a channel crossing, it should do so with gusto, but the above chart is showing that the Cable has bottomed and a bullish reversal is on the cards. We can expect the Cable to go crabbish between critical support, 1.5770 and critical resistance 1.5898 .

Sang Cable telah melorot sebanyak 500 pips dari mulai awal tahun. Ia telah terhentikan oleh support di level 50% dari tertinggi/terrendah tahun lalu dan menutup di level 1.5810 . Secara teknikal apabila harga melewati simpang channel, ia akan bergerak dengan semangat, tetapi chart di atas mencerminkan bahwa sang Cable telah mencapai titik terrendah dan kemungkinan akan terjadi pembalikan bullish. Kita bisa antisipasi sang Cable akan bergerak seperti kepiting di antara level support kritis , 1.5770 , dan level resistan kritis , 1.5898 .