Main Quotes Calendar Forum
flag

FX.co ★ Forecast for GBP/USD on December 29, 2020

parent
Forex Analysis:::2020-12-29T02:55:43

Forecast for GBP/USD on December 29, 2020

GBP/USD

The British pound lost 83 points yesterday. This has significantly shifted the technical picture to a declining scenario, but small confirmations are still lacking. The Marlin oscillator on the daily scale entered the territory of a declining trend. In order to consolidate under the signal-target level of 1.3495, today should be closed below it. The first target of 1.3275 will become more tangible.

Forecast for GBP/USD on December 29, 2020

On the four-hour chart, yesterday's decline stopped at the MACD line. The Marlin oscillator managed to enter negative territory. With the price moving below the MACD line, which corresponds to yesterday's low (1.3428), the target of 1.3275 will work.

Forecast for GBP/USD on December 29, 2020

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...