Currency pair GBP/USD is trading at 1.2661. 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 pair quotes are moving near the middle border of the Bollinger Bands indicator bands.
GBP/USD weekly forecast on December 24 — 28, 2018
As part of the forecast of the pair Pound/Dollar is expected to test the level of 1.2830. Where should we expect an attempt to continue the fall of the GBP/USD pair and further development of the downward trend. The purpose of this movement is the area near the level of 1.2340. The conservative area for sales of the GBP/USD pair is located near the upper border of the Bollinger Bands indicator strip at 1.2860.
Cancellation of the option to continue the fall of the pair Pound/Dollar will be the breakdown of the area of the upper border of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotations of the pair above the 1.3020 area. This will indicate a change in the current trend in favor of bullish for GBP/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall.
GBP/USD weekly forecast on December 24 — 28, 2018 suggests a test level of 1.2830. Further expected to continue falling into the area below 1.2340. The conservative sale area is located is near the area of GBP/USD pair will be the breakdown of the level of 1.3020. In this case, we can expect continued growth.
