The daily forex analysis on December 01, 2020 will discuss the Pound Sterling vs US Dollar (GBPUSD) which still has a chance to move stronger or rise in the short-term range, positive sentiment of market participants that they believe the UK and the European Union will reach a Brexit agreement in the prediction by the end of this year. Another factor that still allows GBPUSD to strengthen is the impact of the weakening of the US Dollar. Market participants believe that the US central bank (TheFed) will soon launch a stimulus to stabilize economic conditions in the midst of the Covid-19 pandemic. Furthermore, the focus of market participants today is on the UK Final Manufacturing PMI data which was released at 16:30 WIB.
Forex Daily Analysis Predictions
Today's FOREX prediction on the GBPUSD pair is expected to continue its gains, and the recommended OP (Open Position) is
BUY at the level of 1.33600. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BULLISH |
| Target Profit 1 |
1,33700 |
| Target Profit 2 |
1,33800 |
| Stop Loss 1 |
1,33550 |
| Stop Loss 2 |
1,33500 |
This the daily analysis of forex on December 01, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of
trading. You can also join us in the GIC Trade
Telegram Community and GIC Trade
Telegram Channel. Don't forget to check out the GIC Indonesia
Youtube account which is full of a lot of information, and follow our
Instagram account to get information about various interesting webinars that you can participate in.
Last: 
