Technical analysis of GBP/USD 01/13/2022

The GBP/USD currency pair broke through the resistance of 1.3700 (50% Fibo), (MA200) on the (1D) chart and is currently trading around 1.3740.

Technically if the pair manages to consolidate above the level of 1.3700 , this will mean continued growth to the next resistance level in the area of 1.3840 (61.8% Fibo) and a possible working out of the projection to last year’s highs in the area of 1.4250.

The nearest support is the area of level 1.3600.

GBPUSD_STPDaily

Created by Joshua Hayn

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