Currency pair Pound/Dollar GBP/USD continues to move as part of the growth and the bullish channel. At the time of the publication of the forecast, the rate of the Pound to the US Dollar on Forex is 1.3605. Moving averages indicate a short-term bullish trend. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the growth of the instrument. At the moment, we should expect an attempt to raise the price of the British Pound against the US Dollar and test the support area near the level of 1.3595. Where can we expect an upward rebound and continued growth in quotations of the British Pound against the US Dollar again. The goal of raising the pair, in the framework of the Forex forecast for January 13, 2022, is the area at the level of 1.3825.
GBP/USD Forecast Pound Dollar January 13, 2022
An additional signal in favor of raising the currency pair will be a test of the support line on the relative strength index (RSI). The second signal in favor of growth will be a rebound from the upper border of the bearish channel. Cancellation of the growth option for the Pound/Dollar pair will be a fall and a breakdown of the support area with price fixing below 1.3435. This will indicate a breakdown of the upper border of the downward channel and the continuation of the fall of the Pound/Dollar pair to the area at the level of 1.3225. It is worth waiting for confirmation of the rise in the pair with the breakdown of the resistance area and closing the price above the level of 1.3845.
GBP/USD Forecast Pound Dollar January 13, 2022 suggests an attempt to test the support area near the level of 1.3595. Then, continued growth with a target above the level of 1.3825. An additional signal in favor of the growth of the British Pound will be a test of the support line on the relative strength index (RSI). Cancellation of the upside option will be a fall and a breakdown of the 1.3435 area. This will indicate a continued decline in the pair with a potential target below 1.3225.
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