GBPUSD 17-1-2024

Technical Analysis

By Shady Fouad Last updated Jan 18, 2024

GBPUSD 17-1-2024.

Prices are trading in a sideways range between the support zone at 1.2615 and the resistance zone at 1.2800. It is likely that prices will bounce back from these levels towards the upside. However, if the significant support level at 1.2615 is broken to the downside, we may target 1.2530.

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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