Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

GBP USD Technical Analysis 17 December 2020

0

GBP USD Technical Analysis 17 December 2020

GBP USD Technical Analysis: The GBP rose 0.37% against the USD on Wednesday and closed at 1.3507. Today in the Asian session, while GBP USD technical Analysis 17 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3535, which is 0.20% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3450 and a fall through could take it to the next support level of 1.3380 The pair is expected to find its first resistance at 1.3560 and a rise through could take it to the next resistance level of 1.3600. Today’s expected trading range is between 1.3285, support and 1.3650 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3450
Support 2: 1.3380
Support 3: 1.3285

Important resistance levels:

Resistance 1: 1.3560
Resistance 2: 1.3600
Resistance 3: 1.3650

GBP/USD buying opportunity for intraday trading on December 17, 2020

Buy near the support zones 1.3450 and 1.3380 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.

GBP/USD selling opportunity for intraday trading on December 17, 2020

Sell near the resistance zones 1.3560 and 1.3600 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.

EUR/USD Technical Analysis 17 December 2020
USD/JPY Technical Analysis 17 December 2020
USD/CAD Technical Analysis 17 December 2020

Leave A Reply

Your email address will not be published.