flag-gb flag-my flag-zh flag-id flag-th flag-vi

GBP / USD is growing due to the weakening of the dollar

The GBP / USD pair is growing today thanks to the decrease in pressure from the dollar.


The pound remains under pressure due to uncertainty surrounding Brexit, as trade negotiations between London and Brussels have yet to make progress. But now all the attention of the financial market is focused on the presidential elections in the United States, so the dynamics of the movement of the GBP / USD pair will depend on the fluctuations of the dollar.


Earlier, some publications reported that the UK will make the final decision on the strategy for negotiating with the EU after the US presidential elections. If Trump wins, Boris Johnson may decide to leave the EU without an agreement. If Biden wins, London may soften its negotiating position.


There is no important news in the economic calendar today.


On the chart, the currency pair is testing local resistance at 1.2940. We are waiting for the breakdown of this mark and the growth of quotations to 1.3000.


  • Resistance levels: 1.2940, 1.3000, 1.3065;


  • Support levels: 1.2845, 1.2800, 1.2690.


The main scenario - a breakdown of the level of 1.2940 and an increase to 1.3000.


Alternative option - a decline to 1.2845 from current levels


The current fundamental outlook is neutral. We consider shorts from levels 1.3000 and 1.3065.

Latest news

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! πŸ† Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts πŸ“ How to get the bonus: 1) Register an […]

Deposit Bonus 200%

2020-11-03 08:45:33

Only from November 02nd to December 04th, 2020, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of 200%? […]