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13.12.201905:33 Forex Analysis & Reviews: Forecast for GBP/USD on December 13, 2019

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GBP/USD

The preliminary official results of the British parliamentary elections became known this morning: the Conservatives won a resounding victory, gaining a parliamentary majority of 368 seats, and the Laborites had only 191 seats. In third place is the Scottish National Party with 55 parliamentary seats, and the Brexit Party has not received a single seat. The pound soared by 346 points in the Asian session. Of course, this is one of the many paradoxes of the market - the growth of the currency is threatened by the country's exit from the EU with a bad deal, and in the coming weeks.

To date, the price has overcome the Fibonacci level of 238.2% on the daily chart. We allow growth to continue to the Fibonacci level of 271.0% at the price of 1.3648 (near the September 2017 high). But the price may not reach the designated goal, retreating under pragmatic ideas.

The growth looks so rapid on the four-hour chart that we do not receive any additional information.

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