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Forex GBP/USD, pound rate on 01/26/2021

The forecast for the British pound GBP USD for tomorrow, January 26, is made at the end of the previous day, with quotes of 1.3660. The currency pair has found a resistance level, and in the short term, more sell positions are triggered than buy positions.

However, if you look at the parameters of the Ichimoku indicator, you can pay attention to the fact that the currency quotes are above the Ichimoku cloud. This means a continuation of the upward trend, at least until the moment when the cloud is broken from top to bottom. The upper border of the cloud acts as a support level at 1.3630.

Forex GBP/USD, pound rate

If the support level is broken, the GBP / USD quotes will tend to the level of 1.3530. Important news from Britain is expected in the morning, which may affect the pound rate within the day.

The resistance level is 1.3750. In case of breaking through the resistance level, the price of the pound will rush to the upper border of the long-term upward channel - 1.3850.

Thus, the forex forecast for the British pound rate for January 26 suggests an attempt to test the support level of 1.3630. Cancellation of the forecast will be consolidation of quotations above 1.3720.

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