GBPUSD Wave Analysis 21 January, 2021
January 21, 2021 @ 18:49 +03:00
• GBPUSD broke above the resistance level 1.3700
• Likely to rise to 1.3800
GBPUSD recently broke above the resistance level 1.3700 (which has been repeatedly reversing this currency pair from the end of December).
The breakout of the resistance level 1.3700 should accelerate the active impulse waves 5 and (C).
GBPUSD is expected to rise further toward the next resistance level 1.3800. Strong support now stands at the aforementioned price level 1.3700