Are you searching for a strong currency which is racing upwards on the trading chart? Guess what? Now you can make some great Pips on the GBP USD exchange rate and begin your journey as a successful trader!
Here I will share what I believe about the GBP/USD movement on the trading chart today. I will explain in details why this is going to happen and how can it be in your advantage.
Factors that might affect this pair today
- The GBP/USD exchange rate has managed to set up camp close to 1.2700 at the end of the trading year.
- The pound is still losing significant ground in the wake of the USD dynamics
- The rebound movement is now at the center of UK political discussions.
According to FxEmpire.com today the GBP/USD shared currency pair is trading in the close vicinity of the 1.2660 level and it is already showing significant signs of moving upwards in the close vicinity of the 1.2680 level at first and to a certain extent close to 1.2700.
GBP/USD exchange rate is reacting to the UK news headlines
I believe that at the end of the trading year after the never ending low levels and high volatile spots the GBP/USD has finally managed to register a certain positive movement above the 1.2630 level and it is now slowly gliding towards the 1.2700 point.
As of the time of speaking the trading cross has already managed to touch the 1.2695 level and it is preparing to set up camp close to the 1.2700 level. I believe that with the ongoing political movements at the beginning of 2019 we are likely to see the 1.2735 high-level up and running across the chart.
Why I think GBP/USD is one of the best currencies to trade right now
I also believe that all volatility level will continue to stay unchanged at the very least for the time being and maybe even in the first quarter of the year. All of this will surely have a strong impact on the price action movement.
In other news I have noticed that the UK Foreign Minister Jeremy Hunt has stated that the UK PM May’s Brexit deal could very well pass like a breeze the parliamentary vote.
One thing is above all clear the Brexit negotiations are eliminating any chance of gathering strong gains.
Today I advise you to use the SELL action as much as possible!
Let us know how you feel about the fact that the US is directly having a negative effect on the international political tensions? Let us know how you feel about the unending Brexit negotiations? Even if you are a novice trader we would still like to know your opinion!
|Forex and Profits presents Today’s Free Forex Signal
A summary of Highs and Lows for the GBP/USD
Highest level = 1.2690
Lowest level = 1.2465
Volatility level = Expanding
Today’s Forex predictions
Here is my GBP/USD forecast for tomorrow
Sell 80 %
Buy 20 %
S3 = 1.2922 S2= 1.2951 S1 = 1.2973
R1 = 1.2967 R2 = 1.2924 R3 = 1.2932
GBP/USD significant trading levels
For the time being the GBP/USD exchange rate is going downwards by a positive value of +0.4% and it is trading in the close vicinity of the 1.1269 level and it is relying heavily on the 1.2756 followed close up by the 1.2699 and lastly ending with the 1.2800 point.
On the other side of the table there are several solid levels beginning with 1.2579 and ending with the 1.2487.
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