Technical analysis of GBP/USD 01/19/2022

The GBP/USD currency pair failed to consolidate above the resistance of 1.3700 (50% Fibo), (MA200) on the (1D) chart and is currently trading around the support area of 1.3600.

If the pair manages to consolidate above the level of 1.3700, technically it will mean continued uptrend to the next resistance level in the area of 1.3840 (61.8% Fibo). A signal for a possible continuation of growth is the convergence on the RSI indicator.

The nearest support levels are:

1.3530 (38.2% Fibo), (MA100);

1.3460 (50% Fibo).

GBPUSD_STPDaily

Created by Joshua Hayn

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