Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
GBPUSD Price Analysis – December 20
GBPUSD maintained a positive tone last week, with sellers making a fresh attempt to continue selling beneath 1.3500 in the previous session. Meanwhile, the GBPUSD pair is up nearly 2.25% in the last week due to the pending Brexit trade.
Key Levels
Resistance Levels: 1.3750, 1.3700, 1.3624
Support Levels: 1.3482, 1.3400, 1.3313
GBPUSD Long term Trend: Ranging
GBPUSD is currently trying to find support on the 5 daily moving average around 1.3514 after a reversal from 1.3624 resistance. The rising moving average of 5 continues to support intact bullish price action. However, a convincing breach of the mentioned support can still accelerate the fall to the support zone of 1.3400.
In the long term, the focus remains on the growth side. A sustained breach beyond may validate a long-term bottom at 1.1409. An increase from there can be either a correction or the start of a long-term uptrend. In any event, the next aim is a 38.2% rebound from 2.1161 to 1.1409 at 1.5134.
GBPUSD Short term Trend: Ranging
The GBPUSD pair rose from the 1.2675 level last week and reached the 1.3624 level. But since a temporary high has formed there, the initial bias is neutral initially this week. On the other hand, a breakout of 1.3624 may aim for a 61.8% trend from 1.1409 to 1.3482 from 1.2675 to 1.3956 next.
In such a scenario, short-term sentiment may stay bullish as long as support level 1.3177 remains intact, in a steeper pullback scenario. Meanwhile, some subsequent sell-offs could leave the GBPUSD vulnerable to further slide beneath 1.3500 towards the 1.3400 congestion zone.
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