Wed. Jan 19th, 2022

Long term trend GBP / USD: upward

Key levels of resistance: 1.38875, 1.39856, 1.39900

Key levels of attendance: 1.38008, 1.37422, 1.37400

Daily chart:

The price of the highest time period managed to break the formation of wedges after finding support around the level of 1.36663 USD. In addition, the market appears to form a bullish head and shoulders where it presented a bullish pattern of collapse near a strong support.

Medium term trend GBP / USD: upward

One hour chart:

In the lower term, the price registered a reversal correction to the level of 1.38008 USD and was reversed upwards with a series of bullish candlesticks. A minor can be seen in the highlighted area before a new upward impulse wave.

Signal idea:

Buy limit order @ 1.38455

TP 1 @ 1.38863

TP 2 @ 1.39856

Stop losses @ 1.38296

Trade safely 🙂

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