• GBP/USD rose sharply on Monday as markets awaited Donald Trump's return to the White House and his inauguration speech for clues on the impact of his policies on the economy.
• Trump will release a broad trade memo on Monday, but will not likely to impose new tariffs on his first day in office.
• Investors were focused on the policies Trump would implement on his first day in office. At a Sunday rally, he stated he would impose strict limits on immigration.
• At GMT 16:18, the pair was trading up 1.02% at 1.2292.
• Immediate resistance is located at 1.2310( 38.2%fib), any close above will push the pair towards 1.2366 (Jan 9th high)
• Strong support is seen at 1.2164(23.6% fib) and break below could take the pair towards 1.2099 (Lower BB).
Recommendation: Be on sidelines


FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 



