Forecast – BEARISH
Date Posted: 18 December 2019
Currency Pair: GBPUSD
Current Trend: UP
Forecast Move: DOWN
Key Tech Level: 1.3100
Trade Action: SELL
Stop Loss 1.3138 -50 pips
Take Profit 1.2738 +350 pips
Chart & Forecast Details
Sterling couldn’t have had a better outcome from the recent election. But all that positive euphoria has disappeared as the reality of a no-deal Brexit looms. The fact that UK PM Johnson is talking about finalising the deal by the end of 2020 has traders unwinding all long GBP positions.
Key Trade Day: Wednesday 19th Nov – UK CPI
Forex Trading Courses, workshops & funding opportunities
Join our Forex T4TCapital Trading Programme and let us run the risk!
Get Educated in your own time and learn how the bankers trade.
Our Complete Online Forex Trading Course is the ideal starting point for all traders, both beginners and veterans .
Make trading a full-time career
Our Fast Track Forex Trading Workshops will take you from the beginning to being a full time trader in 5 days.