The British Pound to US Dollar (GBP/USD) exchange rate is one of the world’s most traded currency pairings.
In this article we make a British Pound / US-Dollar price prediction and longterm forecast. We would like to give an assessment of the further price development of British Pound / US-Dollar. We look at the quarterly chart of GBP/USD. The basis of our analysis is Price Action and Technical Chart Analysis.
GBP/USD Quarterly Chart
In the 3-month chart above, we see GBP-USD trending downwards. In the first quarter of 2020 prices reached the long term support line.
GBP/USD price forecast and long-term prediction
The forex currency pair GBP-USD is in a stable downtrend on the long term quarterly chart, which we expect to continue. Next long term target could be parity to the USD at $1,0000.
The negative long term chart picture will turn to neutral, when prices move above major resistance, which we see between $1,3501 and $1,3683.
What is the current price of GBP/USD ?
The current price of GBP/USD you can see here.
GBP/USD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. The Currency Pair GBP/USD is the shortened term for the British Pound against U.S. dollar pair, or cross for the currencies of Great Britain (GBP) and the United States (USD). … For example, if the pair is trading at 1.30, it means it takes 1.3 U.S. dollars to buy 1 British Pound.
*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.
Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.