GBP/USD forecast - page 67
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Infront of Christmas, I think we woud see any wonders...
The GBPUSD finds a good resistance at the 1.3400 level and it could drop again to the 1.3300 level where we can find the 55 day EMA. The 1.3300 level could prove to the a strong support, but below that level the pair may drop to the 1.3200 zone.
The sideways consolidation on this pair is getting tighter and there likely won't be any major changes before Christmas. At best there will probably be another move to the downside towards 1.3300.
The pair fell to 1.3350 but there likely won't be any changes any time soon unless there are some surprise fundamentals during the holiday period.
The GBPUSD has found a good resistance at the 1.3400 level, but a breakout of that level could take the price to the 1.3500 level. The 1.3300 level has been a good support.
Traders who plan to trade actively next week need to take into account that the market will be thin and accordingly the risk of the appearance of powerful price movements will be higher than usual.
Key levels to watch for:
Support: 1.3260; 1.3100;
Resistance: 1.3440; 1.3540;
Expecting to see what the week brings, probably a move to the upside imo.
Traders who plan to trade actively next week need to take into account that the market will be thin and accordingly the risk of the appearance of powerful price movements will be higher than usual.
agree, highly recommend small positions.
Expecting to see what the week brings, probably a move to the upside imo.