Forecast for GBP / USD pair on December 3, 2018

GBP / USD pair

The British pound fell by 32 points on Friday under pressure from the dollar strengthening and on the statement by the President of the European Council, Tusk, about the only possible version of Brexit. Today in the Asian session, the pound sterling has slightly grown on the general weakening of the dollar as a market reaction to the reduction of tensions between the United States and China. Nevertheless, the declining trend of the pound continues. Stock indices are growing on optimism in the US-China relationship and this will increase the demand for dollars. Correctional growth can be completed on the MACD resistance line of the four-hour timeframe at 1.2790. After further fixing of the price under the trend line of the price channel on the daily, there will be another attempt to reduce the price to support the underlying line in the area of 1.2550.

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