GBPUSD Daily: waiting for the bullish trend to be continuing, otherwise - ranging

GBPUSD
Pound Sterling vs US Dollar
GBPUSD Daily: waiting for the bullish trend to be continuing, otherwise - ranging
The daily GBPUSD price is located above Ichimoku cloud in the bullish area of the chart. Chinkou Span line crossed the price on historical data indicating the strong bullish trend as well. The price is located within 1.3286/1.3436 s/r channel for trying to break the resistance to above for the strong bullish trend. If the price bounces from resistance at 1.3436 to below on daily close bar so the secondary ranging condition within the primary bullish trend may be started. If the price breaks the support level to below so we may see the primary bearish reversal to be started in the near future for example. Recommendation: waiting for direction.

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newdigital
Sergey Golubev
2026.01.29 07:26

The price broke 1.3788 resistance level to above for the strong daily bullish trend. The price is testing the resistance at 1.3869 for the secondary correction to be started or for the bullish trend to be continuing.

newdigital
Sergey Golubev
2026.01.14 08:45

The daily price broke resistance level at 1.3436 to above for the secondary ranging within the primary bullish market condition. So, the next levels/targets are the following: 1.3567 as the resistance and 1.3390 as the support levels. If the price breaks resistance level at 1.3567 to above so the primary bullish trend will be continuing; if the price breaks 1.3390 support level to below on close daily bar so the primary bearish reversal will be started; otherwise - ranging within the levels.