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GBP/USD update for February 03, 2022 - Watch for the breakout of news bar

Technical analysis:


GBP/USD is trading into the news range from today and I would like to see the breakout to confirm further direction.

Trading recommendation:

The breakout of resistance at the price of 1,3626 can confirm further upside movement towards 1,3658 and 1,3690. In that case watch for buying opportunities on the breakout.

The breakout of support at the price of 1,3545 can confirm further downside movement towards 1,3515 and 1,3475. In that case watch for selling opportunities on the downside breakout..

Trading analysis offered by Complex Trader - a RobotFX partner.