GBPUSD Wave Analysis – 23 January 2026

GBPUSD: ⬆️ Buy

– GBPUSD broke daily down channel

– Likely to rise to resistance level 1.3570

GBPUSD currency pair recently broke the daily down channel from the start of January (which encloses the previous medium-term ABC correction (2)).

The breakout of this down channel continues the active intermediate impulse wave (3), which started earlier from the support zone around the support level 1.3350.

Given strongly bullish Sterling sentiment, GBPUSD currency pair can be expected to rise further to the next resistance level 1.3570 (top of the previous impulse wave (1) from the start of January).