GBP/USD Daily Analysis 23.01

GBP/USD - 1.9567 - 23 January

GBP/USD Open 1.9604 High 1.9645 Low 1.9341 Close 1.9552

First resistance for the Cable today is yesterday's top 1.9645. Next is the top from last Thursday 1.9775, and 1.9880. In downward direction strong support is the broken bottom and yesterday's resistance 1.9500, followed by yesterday's bottom 1.9340, , where the 100 week crawling middle line passes, and 9120, which is 37.8% correction of the climb 1.7055 - 2.1155.

Technical resistance levels: 1.9645 1.9775 1.9880
Technical support levels: 1.9500 1.9340 1.9120

Trading range: 1.9555 - 1.9640
Trend: Upward

Buy at 1.9567 SL 1.9537 TP 1.9627

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