GBP/USD technical analysis 12.01.2022

The GBP/USD pair shows additional positive trades to approach our awaited target at 1.3660, and continues to move within the ascending channel that supports the chances of surpassing this level and opening the way to achieving more gains in the upcoming sessions, as the next target reaches 1.3775.

Therefore, the bullish trend will remain expected on the intraday and short term basis, noting the importance of stability above 1.3565 to continue the suggested rise.

The expected trading range for today is between 1.3565 support and 1.3740 resistance.

The forecast trend for today: bullish