Forecast for GBP/USD on January 11, 2021

GBP/USD


With the recent release of the US employment report that was not generally bad, the British pound fell from the target level of 1.3624, and today it lost another 65 points. The Marlin oscillator has entered negative territory. We are waiting for the price at the MACD line in the 1.3325 area. Overcoming this support opens up new targets for the medium-term downward movement.

The four-hour chart shows that the price surpassed the signal level of 1.3537 this morning, which opened its way to the 1.3325 target. Yesterday the price turned down from the MACD line and the Marlin oscillator turned around from the border of the growth area.



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