GBPUSD Wednesday, January 28

The short-term trend of the British pound against the US dollar is neutral, and as long as the support of 1.3608 maintains its position, we can expect another upward movement of the GBPUSD pair. A break of $ 1,3758 could push the uptrend from $ 1,1409 to the estimated 61.8% Fibonacci at $ 1,3956. However, from the sellers' point of view, if GBPUSD falls below $ 1,3608, it will indicate a short-term price peak, especially since there is a downward divergence in the four-hour MACD indicator. In this case, the short-term GBPUSD trend will decline.