GBPUSD Price Breaks Up $1.35 Resistance Level

GBPUSD Price Analysis – Forex Signals | January 14
In case the bulls push the price to $1.38 level and it breaks it up, the key resistance level of $1.40 and $1.42 may be tested. Should the resistance level of $1.38 hold, the price may find support levels at $1.35, $1.32, and $1.30.

Key levels:
Supply levels: $1.38, $1.40, $1.42

Demand levels: $1.35, $1.32, $1.30

GBPUSD Long-term Trend: Bullish GBPUSD Exchange Rate Outlook
On the daily chart, GBPUSD is bullish. Last week, the pair closed below the resistance level of $1.35. On January 12, the bulls pushed up the price to break up the resistance level of $1.35 and the daily candle closes above the level. The retest was carried out on January 13.

GBPUSD Price Breaks Up $1.35 Resistance Level GBPUSD Price Is Ranging

Today, the bulls take over and the price continues its bullish trend. The price is targeting the resistance level of $1.38 at the moment. GBPUSD is trading above the 9 periods EMA and 21 periods EMA at a distance range which indicates an increase in the bullish momentum. Should the resistance level of $1.38 hold, the price may find support levels at $1.35, $1.32, and $1.30. GBPUSD Price Is Targeting $1.37

GBPUSD Medium-term Trend: Bullish

This week, the bulls’ momentum increases and the former resistance level of $1.35 turns to support level. The price is heading towards the resistance level of $1.38. GBPUSD Price Breaks Up $1.35 Resistance Level

4 hour chart

Forex Signals Telegram Signals

GBPUSD is trading above the 9 periods EMA and 21 periods EMA which indicates that the bulls are still in control of the GBPUSD market. The relative strength index period 14 is pointing up at 60 levels to indicate buy signal. GBPUSD Price Breaks Up $1.35 Resistance Level