Main Quotes Calendar Forum
flag

FX.co ★ GBP/USD update for January 21, 2022 - Breakout of exhaustion pattern to the upside

parent
Forex Analysis:::2022-01-21T12:50:03

GBP/USD update for January 21, 2022 - Breakout of exhaustion pattern to the upside

Technical analysis:

GBP/USD update for January 21, 2022 - Breakout of exhaustion pattern to the upside

Gold has been trading downside today but I found strong support level at the price of $1,829 and strong rejection, which is good sign for further rally.

Trading recommendation:

Due to test and reject of key pivot support at the price of $1,828, I see potential for the upside movement today.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at $1,842, $1,847 and $1,864.

Key support is set at $1,829

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...