4:38 PM · 12 January 2021

GBPUSD tests resistance at 1,3615

Looking at the GBPUSD pair from a technical point of view, one can see that yesterday price bounced off the support zone at 1.3445 and today the upward move is being continued. However, bullish momentum faded away just below the key resistance at 1.3615, which is marked with previous price reactions and the upper limit of the local downward channel. Should the price break above it, the way towards recent highs at 1.3705 will be left open. On the other hand, if sellers will manage to halt advances here, then another downward impulse towards support at 1.3445 could be launched.

GBPUSD H1 interval. Source: xStation5

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