GBPUSD Price Analysis – December 22
This pair has already entered the sellers’ area and reached the horizontal area at 1.2978. The new week might push the correction in the cable to lead prices towards 1.3150 level. Consequently, there could be further depreciation in GBPUSD over the medium term.
Key Levels
Resistance Levels: 1.3700, 1.3600, 1.3514
Support Levels: 1.2824, 1.2501, 1.1958
GBPUSD Long term Trend: Bullish
Long term, the advance from the lower 1.1958 level is on its way to retest the level at 1.3514 the main resistance. The result from there will decide whether to knit from the level at 1.1958 (low).
However, a steady breach of the level at 1.3514 might indicate a long-term bullish reversal. Although, for the time being, the trend may remain bullish as long as the support level of 1.2824 remains intact.
GBPUSD Short term Trend: Bearish
Although the level at 1.3150 remains at the minor resistance level, the intraday bias in the GBPUSD remains in the downtrend. A drop from 1.3514 level corrects the overall advance from the level at 1.1958.
While there might be an additional drop in the rebound from the level at 1.1958 to 1.3514 at 1.2920. On the upside, above the level at 1.3173, minor resistance might change the tendency to the upside to retest the level at 1.3514.
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.