GBP/USD Bulls Need a Close Above 1.3650
January 19, 2022
GBP/USD Technical Analysis
- GBP/USD is at resistance
- Continuation above resistance is targeting W H3
- D H4 needs to hold for bears
- W H3 could be the target
DAILY CHART GBP/USD
- Swing low
- Supply zone
- Entry zone
- Final target
The GBP/USD is bullish now. After a rejection towards 1.3170 zone the price made a bullish move. Bounce from 1.3615 is playing out and the first target has been made 1.3640. For a bullish continuation up, the price needs to break 1.3650 and we should see 1.3688 as the first target. 1.3732 is the final target. The move down happens if 1.3574 breaks. In that case the way towards 1.3510 is open. Watch he levels and trade accordingly.
