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21.01.201907:58 Forex Analysis & Reviews: Forecast for GBP / USD on January 21, 2019

Long-term review

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GBP / USD pair

Increased investor optimism about new Brexit prospects was exhausted last Friday. A higher urgency on retail sales data for December showed a decline of -0.9% against expectations of -0.8%, resulted to a loss of 111 points in the sterling pound.

On the four-hour chart, the price is trying to gain a foothold under the MACD line, the support is at the level of 1.2833 on a daily scale. ts overcoming will be a condition for further reduction of the pound to support the trend line of the price channel in the area of 1.2664.

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