Overview: GBPUSD Road to 1.27

23 déc. 2019

After GBPUSD failed to maintain the hype and the gains, since then gbpusd was forming huge downtrend pattern. Price prediction of a pair like this is difficult since most of the indicators are showing fake trend, and that is why you cannot depend on one indicator to determine the direction of the market. Out 1 of 5 indicator I used; one only was showing that GBPUSD was going down in the last couple days. If GBPUSD breaks the 1.29 support no one can stop it from going down to 1.27.
Note next week we expecting the US and China tariff waiver agreement which will make the dollar stronger.