Poor  data out of the UK push the British Pound to a 5 1/2 year low again the US dollar . Fundamental analysis would suggest the British pound will continue to fall lower?. How ever  Price action has drop into a reversal zone?, where Bulls  can be found waiting to buy this pair. So will price continue to drop below Monthly Support  (MS2) @ 1.4384 . Or will we get the Bulls buying here and pushing  the pound higher?.
GBPUSD in MM1 - MS2 12th Jan
There is no sign  right now price  is reversing  so its one to keep watching ?
Good Luck with you trades

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