GBP/USD Weekly Forecast

Weekly Forecast (January 3 – 5, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2125, which will be followed by moving up to resistance level 1.2300 and 1.2446.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1900, which will be followed by moving down to support level 1.7777 and 1.1490.

Monthly Forecast, January 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1.2125, which will be followed by moving up to resistance level 1.2300 and 1.2446.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1900, which will be followed by moving down to support level 1.1409.

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