We can see a good MACD divergence in 4 hour chart as shown above.

You might want to buy and put your stop loss at 1.8280. As long as price is above this stop loss, we see a good chance to say goodbye to the rise of US Dollar and prepare to reap a good harvest of the GBP/USD pair rise.

This is how we need to trade. Be patient and get the big move. Hopefully we see good price up in GBP/USD soon.

Take care and have a great forex trading week!

Previous US Dollar Forecast

As a trader, you must observe the the news as well. The giant investors are going short for the US Dollar at least for the few weeks to come.

After 2 weeks of US Dollar rise, we expect to see the turnaround.

We see it is happening in US Dollar against Japanese Yen and US Dollar against Swiss Franc is about to move downward.

Other pairs like Pound Sterling vs US Dollar and Euro vs US Dollar is forming an upward turn now.

This is good for us in trading the forex.

Now we have this currency forecast, it’s time to trade in the right way. Remember that currency market is moving up and down every now and then. So, we can take advantage of this to take more profit.

In this case, we will buy dip in the up trend.