Forecast for GBP/USD on December 23, 2020


The British Pound fell by 100 points on Tuesday due to England's closure brought on by the development of a new type of Coronavirus. As it became known, it came as a result of adaptation to therapeutic drugs. The price still adheres to the balance indicator line on the daily scale chart but the Marlin Oscillator is in the downward trend zone. The price going under the Kruzenshtern line below 1.3245 will increase pressure on the currency pair. Further targets are 1.3108 (November 13 low) and 1.3005 (September 16 high and August 12 low).

On the four-hour chart, the price is fixed under the balance line and the Kruzenshtern line. The Marlin oscillator is in the negative zone. We are waiting for a further drop in the price.

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