GBP/USD forecast Pound Dollar on December 28, 2018

Currency pair GBP/USD is trading at 1.2627. 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 lower border of the Bollinger Bands indicator bars.

GBP/USD forecast Pound Dollar on December 28, 2018

As part of the forecast, the pair Pound/Dollar is expected to test the level of 1.2660. Where can we expect to try to continue the decline of the pair GBP/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 1.2520. The conservative area for sales of the GBP/USD pair is located near the upper border of the Bollinger Bands indicator strip at 1.2710.

GBP/USD forecast Pound Dollar on December 28, 2018

Cancellation of the option to continue the fall of the Pound/Dollar pair will be the breakdown of the area of ​​the upper boundary of the Bollinger Bands indicator bands. As well as a moving average with a period of 55 and closing quotations of the pair above the 1.2760 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 forecast Pound Dollar on December 28, 2018 suggests a test level of 1.2660. Further, it is expected to continue falling to the area below the level of 1.2520. The conservative sale area is located is near the area of ​​1.2710. Cancellation option for the pair GBP/USD will break the level of 1.2760. In this case, we can expect continued growth.


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