GBP/USD currency pair analysis 27.01.2022

The GBP/USD pair managed to break the 1.3460 level and now settles below it, which supports the continuation of the expected bearish trend scenario effectively in the upcoming sessions, paving the way for achieving more negative targets that start at 1.3400 and extend to 1.3310 after surpassing the previous level.

From here, the bearish bias will remain in control during the upcoming sessions, provided that the price maintains its stability below the 1.3530 level.

The expected trading range for today is between 1.3350 support and 1.3500 resistance.

The forecast general trend for today: Bearish.