empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

21.01.202214:50 Forex Analysis & Reviews: GBP/USD update for January 21, 2022 - Breakout of exhaustion pattern to the upside

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 21.01.2022 analysis

Gold has been trading downside today but I found strong support level at the price of $1,829 and strong rejection, which is good sign for further rally.

Trading recommendation:

Due to test and reject of key pivot support at the price of $1,828, I see potential for the upside movement today.

Watch for buying opportunities on the intraday pullbacks with the upside objectives at $1,842, $1,847 and $1,864.

Key support is set at $1,829

Petar Jacimovic
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off