FX.co ★ Forecast of GBP / USD December 31, 2018

GBP / USD

The British pound meets the new year under the line of the daily price scale channel and under the balance line of the same TF. And if the pound had two unsuccessful attempts to overcome this line before the new year, now there is no need to repeat it again.

On the four-hour chart, the oscillator line develops under the graphics support line, turning down each time it touches. But for more confident movement and a formalized signal for a further decrease, the price needs to be fixed under the Kruzenshtern line on the four-hour chart, below 1.2645. In this case, the signal line of the Marlin oscillator on the daily scale will be in the zone of decline, and the situation on both graphs will be completely decreasing. The goal of 1.2488 will be relevant.