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Forecast for GBP / USD pair on January 3, 2019

GBP / USD pair

On a local panic about the decline in the forecast for revenue by Apple, the pound sterling lost 142 points yesterday and today during the Asian session, it collapsed by another 165 points. Earlier, we reported that investors carefully left the market before the New Year holidays, but in addition to closing current positions, bids below 1.26 were also removed due to uncertainty before the parliament's decision on the deal with the EU. As a result, the price did not reach only 36 points to our target of 1.2400. But at the same time, this is also a sign that the price will still return to this level and with an increased probability of a breakthrough and reach the next target of 1.2300. In the future, the target in the area of 1.2000 will become relevant.

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The material has been provided by InstaForex Company - www.instaforex.com