GBPUSD Technical Analysis 22-01-18

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The British Pound managed to hold its trades above the support level of 1.3725 where more advancing towards 1.3945 with a short of 35 pips from the target of 1.3980-90 as we advised last week.

Intraday-Levels still indicate 1.3805-30 as the support zone which may push for another uptrend wave towards the 1.3980-90 zone.

Below 1.3805 and we will expect a farther drop correction to re-test the 1.3725-30 support level. This may, in turn, push back the uptrend wave towards the 1.3980-90 zone.

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