empty
 
 
31.01.2022 05:53 AM
Forecast for GBP/USD on January 31, 2022

The British pound appears settled under the MACD indicator line on the daily chart, which makes the nearest target level (1.3312) relevant. Consolidation below the level opens the second target at 1.3160. At the moment, the price may try to test the strength of the MACD line (1.3434) once again.

This image is no longer relevant

On the chart of a four-hour scale, a price convergence with the Marlin Oscillator is formed. The signal line of the oscillator goes into the positive zone. This is most likely a price correction, not a reversal. Correction targets: 1.3434 – MACD line on a daily scale and 1.3484 – MACD line on a four-hour scale.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback