GBPUSD 20.1.2026
Trend:
Range-bound with a bearish tilt, trading around a key zone near 1.3400–1.3420.
Technical View:
Lack of momentum is clear. A break below 1.3390 would strengthen bearish pressure.
Scenarios:
- Bearish: Below 1.3390, price may head toward 1.3340 and 1.3300.
- Limited upside: Only a break above 1.3500 restores bullish momentum toward 1.3570.
Key Levels:
Resistance: 1.3500 – 1.3570
Support: 1.3390 – 1.3340 – 1.3300
Bottom Line:
Neutral to bearish; range trading remains the safer approach.
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