AlgoVenture

GBPUSD: Weekly Forecast 9th January 2022

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD gained further last week and will be retesting the 7-month falling trendline very soon.

The price is already trading deep into the supply level at 1.3562, alongside with the golden ratio and thus a sudden reversal could take place anytime soon.

This week, we will attempt to sell as the price continues to climb higher with 1.3600 as the key level.
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