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Currency pair GBP/USD technical analysis

11.01.2022

Market Review

The Pound Sterling dollar pair built on the ascending channel support and rebounded to the upside to resume the main bullish trend, and the way is open to achieve our awaited target at 1.3660.

Therefore, we continue to suggest the bullish trend that gets continuous support from the EMA50, noting that the continuation of the bullish wave requires stability above 1.3555.

The expected trading range for today is between 1.3520 support and 1.3690. resistance

The forecast trend for today: bullish

Author: GC
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