The daily forex analysis of December 18, 2020 will discuss the Pound Sterling currency against the US Dollar for the past few days moving to weaken or decline. The reason for the weakening of the pound is that the UK & EU expressed doubts about the possibility of a post-Brexit trade deal. The weakening of the pound has fallen from a 31-month high. But some investors are still confident and believe that such a statement will not happen, and they still believe that a post-Brexit deal will be reached. News of Covid-19 vaccine distribution, as well as the latest US stimulus measures, over the past week has only increased the bearish sentiment for the Greenback. Although in a narrow range, the movement of the US Dollar had strengthened and was below a 9-year high 2 weeks ago. However, market participants are still pessimistic about the prospects of the American currency.
Forex Daily Analysis Predictions
Today's FOREX prediction on the GBPUSD pair is expected to continue its strengthening (up), and the recommended OP (Open Position) is
SELL at the level of 1.35250. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BEARISH |
| Target Profit 1 |
1,35150 |
| Target Profit 2 |
1,35050 |
| Stop Loss 1 |
1,35300 |
| Stop Loss 2 |
1,35350 |
This the daily analysis of forex on December 18, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of
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