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British Pound (GBP / USD) Forecast for January 5 today

The British Pound GBP / USD is trading at 1.3565.

The general trend for the pound is upward, within a 500-point channel.

GBP / USD quotes are above the Ichimoku cloud, which also confirms the uptrend for the British pound. The blue signal line is above the red slow one, and crossed it upwards a few days ago.

British Pound (GBP / USD) Forecast for January 5 today

The support level for the pound is 1.3480 - the upper border of the Ichimoku cloud. If this level is broken and the pound rate consolidates below, the next support level will be 1.3330 - 1.3400. If the pound price consolidates above the Ichimoku cloud, we will consider the possibility of the pound rising to the level of 1.37.

Thus, the forex forecast for the British pound on 01/05/2021 assumes a continuation of the short-term downtrend, with the aim of testing the support level of 1.3500.

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