GBPUSD Intra-day Analysis 22nd Jan. 2021

Turning Down

Our Pivot: 1.3745

Our Preference: Short sell below 1.3715 with strict stop loss of 1.3745 and profit target at 1.3680 with extension towards 1.3655.

Alternate Scenario: Upward penetration of 1.3745 will call for 1.3790 and 1.3820.

NOTE: GBP is moving downward to retest supportive trend line of its rising wedge and breakout of that line would call for a sharp bearish rally.

Chart with supports & resistances:

Level	1st	2nd	3rd
Supports	0.00	0.00	0.00
Resistances	0.00	0.00	0.00

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