FX.co ★ GBP/USD

Hello traders, The situation with the GBP/USD pair is somewhat ambiguous. The fact is that ultimately, the price is forming a flat movement with a possible breakout in either direction. While the pair would have long ago allowed the bulls to establish a comfortable boundary, this has not actually led to much higher price levels. All we have personally observed with this pair is an increase towards the resistance zone at 1.3533 and a decrease towards the support at 1.3476, from where there was a slight correction before starting to look towards further declines again. In any case, at the market opening, I would not continue buying, as miracles happen before the New Year, and even a drop to the 1.3000 zone could lead to a significant decline in prices. Perhaps a correction to this zone would be the most appropriate outcome for this pair. Overall, let's see what the bears have in store for us. I definitely foresee a decline in the future, as there will likely be a liquidation of long positions, possibly resulting in a deep correction down to the 1.3000 support level.