UKOUSD 16 Jan 2023 on the Daily timeframe, this commodity continues to move sideways since experiencing a significant decline from last month. Still unable to rise and strengthen to be able to break S1 this commodity now occupies a price position of 78,332. If this commodity weakens as seen in the candlestick chart which looks bearish signal then go-short can be an option. But if on the other hand the opposite happens, there is one factor that can make this commodity experience a bullish trend towards S1 then go-long is an option. Keep an eye on market movements and calculate all possibilities before making trading decisions.
