Forecast for GBP/USD on December 31, 2020

GBP/USD

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.

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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.

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