empty
 
 
25.12.2020 06:54 AM
Forecast for GBP/USD on December 25, 2020

GBP/USD

The pound fell last night, when Boris Johnson and Ursula von Leyen finally confirmed the final agreement on the Brexit deal, blocking half of the growth of the first half of the day. This is a sign of what we have been talking about over the past few months - the British currency will fall regardless of the outcome of Brexit, whether it is with or without an agreement, since economic relations between the two regions will look worse in any case than before Brexit.

This image is no longer relevant

The daily chart shows that yesterday, the price has reversed from the upper limit of the price channel of the monthly timeframe. Getting the price to settle below the 1.3495 level will send the price to the nearest support at 1.3262 - this is the MACD line. Towards 1.3105, 1.3005 and deep below. Target levels will be adjusted in the course of price development.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback