The GBP/USD breaches the minor resistance – Analysis – 20/01/2021

gbp_cfdThe GBPUSD pair managed to breach 1.3615 level and hold above it, to open the way to achieve our positive targets that start at 1.3700 and extend to 1.3815, noting that moving above the EMA50 supports the positive overview.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the rise, while the expected rise will remain valid unless breaking 1.3615 and hold below it.

The expected trading range for today is between 1.3580 support and 1.3750 resistance.

The expected trend for today: Bullish

Origin: Economies

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