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GBPUSD 24 Jan 2024

GBPUSD 24 Jan 2024 on Daily timeframe, this pair looks still in a good trend. Being above the kumo on the ichimoku indicator, it also appears on the candle chart that this pair is initiating a bullish trend. At the moment the pair has successfully occupied the price position of 1.26858 and is likely to continue to rise. If the pair manages to continue the bullish trend that is being initiated, then go-long could be an option for traders. But if there is a trend reversal, and the pair goes down towards the kumo cloud then go-short is an option. Keep an eye on market movements and consider all possibilities before making trading decisions.

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