GBPUSD ANALYSIS January 2021

ANALYSIS 28-Jan-2021

UPDATE 2:

Below 1.3627, GU Bearish. Above 1.3758, can see more upside. 
Primary Scenario: Bearish.

UPDATE 1:

CMP: 1.3665; RES: 1.3758; SUP: 1.3607/1.34500/1.3187/1.3131.

Below 1.3607, I am bearish.

But if 1.3607 holds support, we can see one more high 1.3758/1.3793/1.3864 before big fall.

Sellers need a break of 1.3607.

My Primary scenario: Bearish.

ANALYSIS 27-Jan-2021

Upside target expected 1.3739/1.3775/1.3858/1.3955
Till now, high 1.3751
Is the upmove done?
Break of 1.3607, can see down fall.
Have given possible upside/downside moves in the chart.

ANALYSIS 26-Jan-2021

CMP: 1.3650; As long as 1.3681 resists, we can see 1.3613, 1.3587.

ANALYSIS 22-Jan-2021

CMP: 1.3661; RES: 1.3739/1.3751
SUP: 1.3619/1.3516
If the above levels resists, we can see 1.3646/1.3619/1.3590 n reverse back to 1.3739.
Upside extension would be 1.3775, 1.3858, 1.3955 (ULTIMATE TARGET).

Analysis 21-Jan-2021

GBPUSD breaking all the resistances, and keeps on moving up.

Possible upside targets: 1.3739 (done), 1.3775, 1.3858, 1.3955.

STRONG SUPPORT: 1.3619 for now.

Analysis 19-Jan-2021

CMP: 1.3602; RES: 1.3621; SUP: 1.3519;
If the above resistance hold, we can see 1.3591, 1.3577, 1.3566. 

 

Analysis 18-Jan-2021

Update 2:

Above 1.3551, we can see 1.3573, 1.3599, 1.3620.

 

Update 1:

Above 1.3589, we can see 1.3616, 1.3634, 1.3651-1.3665.

 

Analysis 15-Jan-2021

CMP 1.3681; RES: 1.3716

If GBPUSD resisted 1.3716, we can see 1.3474/1.3356.

Break of 1.3716, we can see 1.3739, 1.3858, 1.3934, 1.4023.

Analysis 13-Jan-2021

CMP: 1.3684; SUP: 1.3447; RES: 1.3705

As long as 1.3447 supports, we can see 1.3740-1.3800.

Break of 1.3447 confirms top and long sell will be in place.

 

Analysis 08-Jan-2021 

CMP: 1.3853; RES: 1.3613; SUP: 1.3531
If 1.3613 resists, we will see 1.3509, 1.3466, 1.3405, 1.3381.

 

Analysis 06-Jan-2021 

CMP: 1.3613
Res: 1.3647/1.3703
If these resistances hold, we can see 1.3583, 1.3547, 1.3485, 1.3455, 1.3383, 1.3359...

 

Analysis 05-Jan-2021

Sup: 1.3521/1.3427
Res: 1.3703
Down move was impulsive. Is Top in place? Need to watch.

 Analysis 02-Jan-2021

As long as 3.183/1.3426 holds support, we can see more higher levels targeting 1.3739-1.3858.

More bullish targets 1.4023-1.4250, 1.4749, 1.5239 in the long run.

Base support is at 1.2674.

Any break of 1.2810, confirms high is in place. Until then, buy on dips is the strategy.

As you can see in the chart, GU, is already trading at top / going to complete the up move for this wave.
Let us wait and watch, how this progresses.