FX.co ★ Forecast for GBP / USD on November 30, 2018

GBP / USD pair

Yesterday, the British pound was unable to fully consolidate above the support of the balance line and the Krusenstern line on the H4 chart. The described scenario by the head of the Central Bank, Mark Carney, about a 25% drop in the pound in the event of disorderly Brexit did not so much frighten investors, but instead gave them strength in suppressing the previous bull attack. Investors know that Carney is always exaggerating on this topic.

The pound is left to consolidate below the trend line of the price channel at 1.2765 and opens again the path to the downward trend line of the price channel (1.2550).