11:28 AM · 5 January 2021

Will GBPUSD return above 1.3615 support ❓

GBPUSD started today’s session with an upward move following yesterday’s plunge. However, looking at the H1 interval, we can see that the price bounced off the earlier broken support at 1.3615 this morning and it is being tested once again. If sellers manage to defend this level again, the support at 1.3520 should be considered the first target for bears. On the other hand, should buyers manage to bring price back above 1.3615, the move towards recent high at 1.37 could be on the cards.

GBPUSD H1 interval. Source xStation5

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