The GBPUSD within sideways track - Analysis - 29-01-2021

The GBPUSD pair could not manage to break 1.3645 support line, to trade with clear positivity and test 1.3715 key resistance, noticing that the price begins today to decline from this resistance, to keep the price between the mentioned levels, which makes us continue with our neutrality until the price confirms breaching one of these levels to detect the next targets clearly.

We remind you that breaking the mentioned support will press on the price to turn to decline and achieve negative targets that start at 1.3520 and extend to 1.3450, while breaching the resistance represents the key to rally to resume the main bullish trend that its next target located at 1.3815.

The expected trading range for today is between 1.3600 support and 1.3815 resistance.

The expected trend for today: Neutral