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GBPUSD Wave Analysis – 31 January 2025

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- GBPUSD reversed from the key resistance level 1.2500
- Likely to fall to support level at 1.2300

The GBPUSD currency pair recently reversed down from the key resistance level 1.2500 (the former monthly low from November, which is acting as resistance now after being broken previously).

The resistance level 1.2500 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the earlier downward impulse from the start of December.

GBPUSD currency pair can be expected to fall further toward the next support level at 1.2300 (the target price for the completion of the active minor correction B).
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Também em:
FibonacciTechnical IndicatorsSupport and Resistance

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FibonacciTechnical IndicatorsSupport and Resistance
FxProGlobal
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.

Reach out to media.comments@fxpro.com for PR and media inquiries
Também em:

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.