
Technical Analysis of the Pound – 30th dec to 3rd jan
Pound Analysis (Daily Time Frame) Given the end-of-year period, a ranging movement for GBP was anticipated. As the new year begins, we need to see what changes this currency may experience. Based on the current situation of GBP and the zone it is in, it is expected to continue ranging in the coming week, oscillating between the levels of 1.24867 and 1.27197. Primary Scenario: If GBP breaks and stabilizes below the significant level of 1.24867, it could move comfortably toward 1.23041. Alternative Scenario: If GBP moves upward and breaks and stabilizes above 1.28115, the next target would be 1.30443, with potential