Main Quotes Calendar Forum
flag

FX.co ★ Forecast for GBP/USD on January 12, 2021

parent
Forex Analysis:::2021-01-12T04:47:24

Forecast for GBP/USD on January 12, 2021

GBP/USD

Yesterday, the pound lost 113 points at the moment, but the balance line on the daily chart did not make it possible for the price to abruptly change the current ideology of growth. Rebounding off this line, the price retraced half of its loss by the end of the day. But the Marlin oscillator is in the negative area, that is, a downward trend - reaching the nearest target (1.3325) along the MACD line is only a matter of time.

Forecast for GBP/USD on January 12, 2021

The four-hour chart shows that the price has retested the signal level of 1.3537. Perhaps the local correction will end there. We are waiting for the development of the situation, and when the price goes below yesterday's low of 1.3450, we meet the price at the designated target of 1.3325.

Forecast for GBP/USD on January 12, 2021

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...