Analysis of the GBPUSD Currency Pair for 12.01.2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

12.01.2026.     

GBPUSD

       The trend is bullish. The currency pair is trading within the range between the 365 EMA and 135 EMA. The truncated descending wave structure has completed with a breakout of the trend channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy on a breakout above 1.3441.

Stop Loss: 1.3390.

Target levels: 1.3500; 1.3550.