The GBP/USD Price Settled Above The Indicator Lines

The GBP/USD Pair May Trade Horizontally Today

The British pound is still living up to our expectations - it is developing sideways movement in the upper half of the 1.2155-1.2420 range. At the moment, the price is supported by the balance line. In due course it will be joined by the MACD line.

Exchange Rates 26.01.2023 analysis

Investors have already entered the "waiting mode", anticipating the Federal Reserve meeting on February 1. The upper target is 1.2598-1.2666; the lower and more strategic target is 1.2155, which, if left, would mean the breakdown of the ascending trend to a medium-term decline.

Exchange Rates 26.01.2023 analysis

There is nothing remarkable on the four-hour chart. The price settled above the indicator lines, but for the sideways movement, the MACD line could move horizontally, and the price will turn around, which is already happening. The Marlin oscillator has the same uninformative state

Relevance up to 03:00 2023-01-27 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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The GBP/USD Pair May Trade Horizontally Today

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