Last Update:

1/10/2022

STRATEGY:

Main Scenario: As long as GBPUSD  stays  above 1.3558,  the main trend will be upwards. Then the pair may up to 1.3609  price level

Target Expectation: 1.3609

Considerations Supporting The Scenario:

The dollar started the week with support as traders bet U.S. inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1.3558

Alternative Target Expectation: 1.3530