Facebook
 
 

11.01.202114:04 Forex Analysis & Reviews: GBP/USD Hot Forecast for January 11, 2021

GBP/USD has been extending its gains as the dollar gains ground alongside US Treasury yields. The UK may tighten its restrictions as hospitals are under immense pressure from the flood of coronavirus patients.

From a technical perspective, GBP/USD appears poised to extend its recent slide lower.Pound/dollar lost critical support at 1.3545, which had held up nicely in the early days of 2020 – until it collapsed. The loss of this critical support line is a bearish sign.

Exchange Rates 11.01.2021 analysis

Moreover, with the RSI continuing to respect the downtrend extending from the August extremes, also suggests the path of least resistance is lower in the near term.

Support awaits at 1.3440 which coincides with 50% fibonacci retracement, which was a cushion in late 2020, followed by 1.33, a stepping stone on the way up. Further down, 1.3230 and 1.3190 are eyed.

Alternatively, pushing back above the psychologically imposing 1.3500 mark could inspire a rebound back towards the monthly high (1.370) are eyed.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Jan Novotny,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaForex-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaForex-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.