GBP/USD – Watch 1.2200 for Support
19 Jan 2017 20:41, GMTDaily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-Is Cable carving a low? If so, then I can think of no better place for support than late December and early 2017 lows at 1.2200. As it is now, the rate is holding the 20 day average, which was resistance earlier this month and support in November but would think that a little more chop is needed in order to even out the +3% day.
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