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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Forecast for GBP/USD on January 13, 2021


The Pound jumped by 150 points yesterday and this is a serious reason for continuing growth to the upper target of 1.3800. On the practical side, purchases in this situation are associated with increased risk.


On the daily chart, the signal line of the Marlin Oscillator has reached the resistance of the forming line and a price reversal may follow although the probability of a reversal from the current levels is not necessarily high at about 30%. The price breaking the January 4 top at 1.3703 will push the price higher. The Marlin divergence will transform into a different form.


On the four-hour scale chart, the price is fixed above both indicator lines and the Marlin Oscillator is also growing. This factor increases the likelihood of local continued growth of the British Pound.

The material has been provided by InstaForex Company -