GBP USD to 2021 - Brexit YesHello traders and analysts.
See our chart for a Brexit 'Yes' whereby, the fishing stumbling block seems to be the major mover for a 'Yes' before the new year or a 'No'.
The USD will continue to see a deepening soft dollar, which is what the US want right now to keep pushing the stocks into 2021 with cheaper import/exports as a major player. Furthermore a cheaper dollar will boost 2021 visitors to the US and see Gold rushed to as a hedge of inflation.
GBP we have a weekly, monthly zone towards 1.50 as our target for a position buy.
First target is the zone below.
If, a deal is not reached - the initial downside sell off will be 1.30 and beyond 1.26 sees a good area for further sells for a 2021 target in January, Feb provided a least resistance path.
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