GBPUSD 16-1-2024

Technical Analysis

By Shady Fouad Last updated Jan 16, 2024

GBPUSD 16-1-2024.

Prices are trading in a sideways range between the support and resistance zones of 1.2615 and 1.2800. It is likely that the previously mentioned support zone will be tested. In the event of breaking above the secondary resistance zone at 1.2700, the next potential target could be 1.2800.

Support	1.2615	1.2550	–
Resistance	1.2700	1.2800	1.2830

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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