Forecast for GBP / USD pair on December 6, 2018

GBP / USD pair

Yesterday, the sterling pound tried to show again its speculative temper but the strength was already much weaker. The result became the same accordingly as the price remained under the price channel line on the daily chart.

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On the four-hour chart, the price is under the balance lines and MACD while the Marlin oscillator indicates a decreasing market potential. The purpose of the decline is the nested line of the price channel on a daily scale of 1.2540.

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The material has been provided by InstaForex Company - www.instaforex.com