At the daily charts, the GBP/USD is moving in a sideways direction, however the Stochastic Oscillators have already indicated that this currency gets the downside pressure. If we look at the Moving Average periods 3x3, which we projected for three days ahead, they indicated the slope that want to be flat. So even for now the "Cable" has already got the downside pressure for a few days. This pair will be moving in a ranging situation especially in the first week of January 2014 because not many market participants enter the market.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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