GBP/USD Weekly Forecast

Weekly Forecast (January 10 – 13, 2023)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.2107, which will be followed by reaching resistance level 1.2446.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.2107, which will be followed by moving down to support level 1.1991 and 1.1900.

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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