GBP/USD H1 – Market Analysis for 05/01/2022

GBP/USD Forex Analysis by Fx Forever:

Read the details below to understand the upcoming move of the forex market.

Upcoming Direction:

Short-Term Buy Trade

1: The technical analysis of the pair is below:
(Wait for the Pullback)
Break the price level = 1.35103
Break the price level = 1.13067

2: Pullback Buy from zone Price Level
The price level = 1.35113
The price level = 1.35034

Wait for a retest and after a retest, the buy position can be opened from the reference levels of 1.35113 to1.35034.
Please follow the Buy Price Area and execute your trades under the SL & TP.
The Ideal break-out can cause a high probability trade for the GBP/USD for a Buy position.

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