GBP/USD: Daily Technical Analysis For January 27, 2016

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The GBP/USD rose in today’s trading session after B.O.E Gov Mack Carney spoke during the London session earlier today. The market rose to as high as 1.4365 and further rise is expected, as 21 and 55 EMA is crossed northward with SSRC oscillator showing more bullish momentum is expected.

A sustained break of 1.4361 (support turn resistance) would bring further rise to 1.4460 (21 EMA on the daily charts) before resuming its bearish over-all bias. As long as 1.4078 low holds, medium picture remains bullish.

Tomorrow investors would be focusing on U.S Crude Oil Inventories and FOMC rate statement from its economy.

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