Forecast for GBP/USD on December 31, 2020


The pound sharply grew yesterday, approaching the target level of 1.3680. But when this level is reached, there is an 80% probability that the pound will fall (that is, the MACD line will be surpassed in the 1.3300 level, which will be the first sign of a change in the medium-term trend), since the price prepares a double divergence with Marlin.


The price continues to rise without signs of a reversal on the four-hour chart. Obviously, it will only happen in January. The first sign will be when the price drifts below the MACD line around 1.3515.


The material has been provided by InstaForex Company -