GBP USD - continuing to climb buys

Hello 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 zone the pound has now surpassed creating a good new daily demand to move further.
The monthly zone towards 1.50 as our target for a position buy.

From a fibonacci point of view -
taking the low from March 2020 as a 0 target. the extensions are now on a 1.48 [1.618] extension.

£1.42 to $1 is a great opportunity to look to on the daily and 4 hour chart. We have a big imbalance in which the buying potential can extend to in the bull rally.

See the 4 hour update here;
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See our long term view here:
GBP USD to 2021 - Brexit Yes


When it comes to the USD, we have now been seeing continued devaluing of the USD into 2021 with the Biden administration.
The FED injecting 22% of all USD in circulation within one year.
A Staggering amount of est 9T USD was injected to save the US from collapse, despite its ever mounting debt of as it stands 11. 01 .2021
27.775T USD
usdebtclock.org/index.html
The question remains as the USD loses value - in order to promote cheaper investment and more prospects for cheaper imports - the country will have a real issue with the constant cycle of financing debt upon debit.

With the Global fiscal policy to remain between 1.5-2% - this should keep the FED side lined for a few years monitoring the US and world economy.
What we would expect to see will be the growth of EM and commodity based countries in terms of FX to continue the growth against the USD.

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