Expecting price to ascend to 1.3607 | 27 January 2022

27 January 2022, GBP/USD

Technical observation

On the 4 hour chart above, price declined to the supportive level 1.3455 but could not break below it, and as long as it is contained above this line, I expect bullish movements to the resistance zone 1.3619-1.3607. My advice, if you bought GBP at the supportive level 1.3455 after a bounce, remain long with your take profit at 1.3607 and stop loss at 1.3381. If price clearly penetrates above the zone 1.3619-1.3607 with a big green candle, I expect it to surge further towards 1.3833, on the other hand should there be a clear break below the level 1.3455, I expect price to plunge towards 1.3270 after a correction to the broken line.

Trade recommendation

Remain long with your take profit at 1.3607.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Imelda Maseno
Analyst of «FreshForex» company
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