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| GBP/USD four-hour chart, source:FXDD.com |
As euro does, GBP/USD, one of the major currency reduces its peaks in weekly chart. It may be available to keep the short bias of GBP/USD.
Since November 7, the price of the currency pair falls and it seem to keep its downward trend. The falling Pound reached bottom band of Bollinger Bands in four-hour chart and broken central line doesn't support Pound's rebound in the bands. And one-hour chart attempts to build the pattern but it may be failed due to bigger time chart.
The economy medias report the gloomy economy in next year. The United States is expected to get just 2.5 percent of GDP growth and China, one of G2 would record GDP growth to be 6.2 percent, lower than tentative 6.6 percent in this year. Some economists predict gold price up and greenback down in next year. Weak greenback means strong its pair, such as British Pound, euro, Japanese Yen and so on. The short bias to the major currency pairs may face shift to long.
In this year, long bias to greenback may be supported.
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Gjallarhorn, Heimdallr, EUR/USD, EUR, Euro, 걀라호른, 헤임달, 유로/달러, 유로화
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