GBP / USD Forecast Pound and Dollar on 01/22/2021
At the moment, the indicator of the Pound / Dollar rate is moving within the recession, it is at the level of 1.3715. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bears have the advantage now.
On tomorrow, January 22, 2021, the advantage in the GBP / USD rate will be with the bearish trend, this will be confirmed by testing near the level of 1.3745, after which it will remain in the downtrend. Forecasting price marks for the rate, which will be directed to 1.3415, will follow from this level.
A test of such a downward trend will be testing of the support area, 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, reaching the level of 1.3745, one should notice a subsequent decline in the downward direction, which will follow to the level of 1.3415.
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However, one should not exclude the possibility of an upward trend moving on the quotes of the price level of the Pound to the Dollar, the consequence of which will be the advantage of the “bulls”. Also, in the future, a change in the price level will be expected when it rises to 1.3845. In the future, we should expect the fixing of the upward direction and the growth of quotations will follow near the level of 1.4175.
Based on the above, it should be noted that tomorrow, January 22, 2021, the GBP / USD rate will test the level of 1.3745, after which the bears will have an advantage. In the future, the rate quotes will decline and head towards 1.3415, which will be tested by testing the support level. But do not forget the possibility of an increasing focus on tomorrow, as a consequence of which the Pound / US Dollar rate will break the level of 1.3845. The bulls will have the advantage and the quotes will go to the level of 1.4175