GBP/USD Review, December 14-18, 2020
The currency pair still goes within the ascending channel and corrected last week. GBP/USD’s downtrend was caused by the worse NIESR GDP forecasts.
We expect the currency par to test 1.3267 again this week. If GBP/USD manages to break it out, it will stay within the ascending channel. Otherwise, there is a probability to test the lower side of the channel again.
We expect the currency par to test 1.3267 again this week. If GBP/USD manages to break it out, it will stay within the ascending channel. Otherwise, there is a probability to test the lower side of the channel again.