GBP / USD PAIR CONTINUES TO STRENGTHEN AND APPROACH THE HIGHEST LEVEL OF 2020

23.11.2020
Technical Analysis
The price of the GBP / USD pair has been rising since March 2020. Last September, the price once jumped to the level of 1.34700 before falling and is now back to that level. The level is the highest level for 2019, and now the price is trying to pass that level and go to a higher level.
Most likely the price will continue to soar to the level of 1.3700 and return to the level of 1.35000. BREXIT negotiations this week will definitely move the market more aggressively.Wait and see the price movement when approaching the resistant line near the level of 1.34700. If no signs of price reversal appear, the price will likely pass the resistance level and find the next resistance at the level of 1.37000.  AHMAD FAIZUDDIN BIN RAZALICHIEF ANALYST OF CDG GLOBAL