Forex EUR/USD Daily Video, January 13, 2023

[Sive Morten]

Good morning,

Based on recent NFP and CPI data market has good momentum, free space and time until Fed meeting. Thus, we do not exclude that EUR tries to climb here to next strong resistance area of 1.1050-1.11 within next 1-2 weeks.

 

[Suomi]

This just wont break. Technicals looking bullish indeed. Have good weekend!

 

[soul rebel]

Hey Sive!
hope you are well
Looking forward to reading your weekly report this week.

I'm interested in your outlook on GBP/USD for this year.
I buy goods manufactured in China which I pay for in USD, so when cable perks up I start thinking about buying some inventory while it is cheaper in terms of dollars as I have to convert my pounds to buy the goods.
As cable is holding up right now, before the USD demand kicks in and it all goes the other way - is it likely to hold up more than 2-3months? Or do you think we are reaching the point of reversal very soon?