GBPUSD Tuesday, January 26

GBPUSD fluctuates below $ 1.3745 and the short-term trend of the British pound against the US dollar is neutral. As long as the $ 1,3518 support holds its position, one can expect another uptrend. A break of $ 1,3745 could boost the GBPUSD short-term trend and extend the uptrend from $ 1,1409 to the 61.8% Fibonacci retracement at $ 1,3956. From the sellers' point of view, if the GBPUSD currency pair falls below $ 1.3518, it will indicate the formation of a short-term price peak. A downward divergence is seen in the four-hour MACD indicator. If this divergence works, the short-term market trend will decline.