GBP/USD forecast Pound Dollar on January 29, 2020

Currency pair GBP/USD is trading at 1.3027. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for the pair Pound/Dollar. At the moment, the quotes of the pair are moving near the lower border of the Bollinger Bands indicator stripes.

GBP/USD forecast Pound Dollar on January 29, 2020

As part of the forecast, the Pound/Dollar pair is expected to test the level of 1.3080. Where can we expect an attempt to continue the fall of the GBP/USD pair and the further development of the downward trend. The purpose of this movement is the area near the level of 1.2930. The conservative sales area for the GBP/USD pair is located near the upper border of the Bollinger Bands indicator strip at 1.3150.

GBP/USD forecast Pound Dollar on January 29, 2020

Cancellation of the option to continue the fall of the Pound / Dollar pair will be a breakdown of the area of ​​the upper border of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and closing quotations of the pair above the area of ​​1.3210. This will indicate a change in the current trend in favor of the bullish for GBP/USD. In case of breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall.

GBP/USD forecast Pound Dollar on January 29, 2020 implies a test level of 1.3080. Further, it is expected to continue falling to the area below the level of 1.2930. The conservative sale area is located is near the area of ​​1.3150. The cancellation of the fall option for the GBP/USD pair will be the breakdown of the level of 1.3210. In this case, we should expect continued growth.


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