empty
 
 
26.01.2021 02:02 PM
Technical analysis of GBP/USD for January 26, 2021

This image is no longer relevant

Overview :

The trend of the GBP/USD into the close is likely to be determined by trader reaction to the pivot point at 1.3605 (horizontal red line).

The Pound is trading lower against the U.S. Dollar rate in the session on tuesday, it also should be noted that the trend is still trading above the zone of 1.3519 - 1.3605.

The GBP/USD pair continues to move upwards from the level of 1.3605. Today, the first support level is currently seen at 1.3605, the price is moving in a bullish channel now.

Furthermore, the price has been set above the strong support at the level of 0.6613, which coincides with the 38.2% Fibonacci retracement level. This support has been rejected three times confirming the veracity of an uptrend.

According to the previous events, we expect the GBP/USD pair to trade between 1.3519 and 1.3745.

So, the support stands at 1.3605, while daily resistance is found at 1.3695.

Therefore, the market is likely to show signs of a bullish trend around the spot of 1.3605.

In other words, buy orders are recommended above the spot of 1.3605 with the first target at the level of 1.3695 ; and continue towards 1.3745.

However, if the GBP/USD pair fails to break through the resistance level of 1.3745 today, the market will decline further to 1.3519.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback