Currency pair GBP/USD is trading at 1.3203. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bearish trend for the pair Pound/Dollar. At the moment, the quotes of the pair are moving near the lower boundary of the Bollinger Bands indicator stripes.
GBP/USD forecast Pound Dollar on December 21, 2021
As part of the forecast, the pound dollar is expected to test 1.3260. Where to expect attempts to continue the fall of the GBP/USD pair and the further development of the downward trend. The purpose of such a movement is the area near the level of 1.3140. The conservative area for sales of the GBP/USD pair is located near the top border of the Bollinger Bands indicator lanes at 1.3360.
Cancellation of the continuation of the fall of a couple of a pound dollar will be a breakdown area of the top grab of the Bollinger Bands indicator stripes. As well as a moving average with a period of 55 and the closure of pair quotes above area 1.3520. This will indicate a change in the current trend in favor of GBP/USD. In the event of a breakdown of the lower boundary, the Bollinger Bands indicator strips should expect drop acceleration.
GBP/USD forecast Pound Dollar on December 21, 2021 implies a test level of 1.3260. Further, it is expected to continue falling to the area below the level of 1.3140. The conservative selling area is located area of 1.3360. The cancellation of the GBP/USD pair fall option will be the breakdown of the level of 1.3520. In this case, we should expect continued growth.