SabahEquityResearch

GBP/USD Weekly Forecast January 17 — 21, 2022

Short
FX:GBPUSD   British Pound / U.S. Dollar
I expect the currency pair to continue falling with the target above the area of ​​1.3000.An additional signal in favor of the decline will be a test of the trend line on the relative strength index (RSI). Also among the important news from the UK that may have an impact on the Pound/Dollar rate, is United Kingdom Claimant Count Change, United Kingdom Retail Sales m/m... Overall I believe it is the strong DXY that can trigger the downside on this pair.

Not a financial advice


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