GBPUSD: Break Beneath the Price Level at 1.3050 Will Affirm a Stronger Bearish Sentiment


GBPUSD Price Analysis – January 5

GBPUSD fell for the second day in a row on fears of a war between the United States and Iran, ending the week near Friday’s low of 1.3051 level. Meanwhile, the foreign currency pair continues to head south below its mid-lines, in line with more upcoming declines.

Key Levels
Resistance Levels: 1.3700, 1.3514, 1.3284
Support Levels: 1.2905, 1.2582, 1.1958

GBPUSD Long term Trend: Bullish

In the bigger structure, the development is required to stretch out from the low level at 1.1958 lows upwards to retest the obstruction level at 1.3700. The result from that point may decide whether it ranges from the level at 1.1958 (low).

Albeit a consistent rupture of the 1.3700 level may show a long term bullish inversion. Be that as it may, until further notice, the pattern may stay bullish as long as the support level at 1.2582 counteracts instability.

GBPUSD Short term Trend: Bullish

GBPUSD spiked to 1.3284 level a week ago however it turned around from that point. The recovery from 1.2905 level is probably going to be finished. The initial sentiment on the drawback this week is for a trial of the level at 1.2905 support.

A sustainable break back to recover part from the level at 1.1958 to 1.3514 at the upward trendline may approach the correction of a part at 1.2506 level. On the upside, a breach of 1.3284 level may lead to a retest of 1.3514 level.

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.