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31.01.202505:01 विदेशी मुद्रा विश्लेषण और समीक्षा: Forecast for GBP/USD on January 31, 2025

Relevance up to 21:00 UTC--5

The British pound has not outpaced the euro in its gradual decline following the recent European Central Bank meeting. It has confirmed its consolidation below the balance and MACD indicator lines. For the pound to move more decisively toward 1.2186, it needs to break through the support level of 1.2367.

Exchange Rates 31.01.2025 analysis

In the four-hour timeframe, the price is consolidating below the balance line and approaching the MACD line. A consolidation below this level and a break under 1.2367 would pave the way for a decline toward the target support at 1.2186.

Exchange Rates 31.01.2025 analysis

Additionally, the signal line of the Marlin oscillator is consolidating below the zero line, indicating that it remains in a downward trend. We expect further development of this bearish movement.

Today's U.S. data on personal income and spending is forecasted to show solid growth, which is likely to reinforce the strengthening bearish trend for the pound.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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