On the final Monday of November, the British pound in pair with the American dollar is growing, generally trading at 1.3338.
Such optimism of the pound is outstanding: the talks with the EU on the future trade agreement are still on, though there is practically no time for the ratification of any agreements. The most urgent issue is fishing—the parties have no common views here at all. The perspectives of solving arguments in the future remain vague, and so do the details of governmental help at all levels.
All that Britain is doing is a sort of a protest against selling its sovereignty. Neither party is ready for a compromise. The agreement might be saved by a talk between the British prime minister and the President of the European Commission, but the chances are scarce.
On H4, GBP/USD reached the local goal of the wave of growth to 1.3382. At the moment, the market is trading in a consolidation range at the high of the wave. We expect the price to escape the range downwards, correcting to 1.3220. The goal is first. Upon reaching it, the pair might grow to 1.3344, then, fall to 1.3111. Technically, this scenario is confirmed by the MACD oscillator: its signal line has left the histogram, and is heading for zero decisively. After this level is broken away, the price chart will join in.
gbp/usd