GBP / USD forecast for the Pound and the Dollar on 01/14/2021
At the moment, the indicator of the Pound / Dollar rate is moving in the framework of the increase, it is at the level of 1.3666. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bulls have the advantage now.
On tomorrow, January 14, 2021, the advantage on the GBP / USD rate will be in the bullish trend, this will be confirmed by testing near the level of 1.3735, after which it will remain in the uptrend. Forecasting price marks for the rate, which will be directed to the level of 1.3365, will follow from this level.
Testing of such an upward trend will be testing of the support area, which will be complemented by a change in the direction of prices from the upper line of the descending channel. When passing through the resistance area, as well as when the price changes exceeding the level of 1.3735, one should notice a further rise in the increasing direction, which will move to the level of 1.3365.
However, one should not exclude the possibility of a downward trend in the quotes of the price level of the Pound to the Dollar, the consequence of which will be the advantage of the “bears”. Also, in the future, a change in the price level will be expected with a decrease to 1.3855. In the future, we should expect the fixation of the downward direction and the drop in quotations will follow near the level of 1.4165.
Based on the above, it should be noted that tomorrow, January 14, 2021, the GBP / USD rate will test the level of 1.3735, after which the bulls will have the advantage. In the future, the rate quotes will increase and go to the 1.3365 mark, which will be verified by testing the support level. But do not forget the possibility of a downward trend for tomorrow, as a consequence of which the Pound / US Dollar rate will break the level of 1.3855. The bears will have the advantage and the quotes will go to the level of 1.4165.
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