FX.co ★ Daily trading plan for GBP/USD 19/01/2021

Friday's drop created the conditions for a downward movement in the first half of this week. The main resistance is the WCZ 1/4 1.3637-1.3627. Testing this zone will allow you to get favorable prices for sale. The target of the bearish model remains WCZ 1/2 1.3494-1.3473. When it is reached, full or partial sales fixation will be required.

The generated model has an 80% chance of working out. It makes the sales made above the current maximum the best on the course.

To cancel the downward momentum, it will be necessary to close today's trading above WCZ 1/4. This will open the way for continued growth in the medium term, as the bullish momentum has yet to be broken at higher levels.