GBP USD Technical Analysis 24 December 2020
GBP USD Technical Analysis: The GBP rose 0.97% against the USD on Wednesday and closed at 1.3490. Today in the Asian session, while GBP USD technical Analysis 24 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3551, which is 0.45% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3470 and a fall through could take it to the next support level of 1.3370 The pair is expected to find its first resistance at 1.3570 and a rise through could take it to the next resistance level of 1.3620. Today’s expected trading range is between 1.3310, support and 1.3620 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 1.3470
Support 2: 1.3370
Support 3: 1.3310
Important resistance levels:
Resistance 1: 1.3570
Resistance 2: 1.3620
Resistance 3: 1.3650
GBP/USD buying opportunity for intraday trading on December 24, 2020
Buy near the support zones 1.3470 and 1.3370 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 24, 2020
Sell near the resistance zones 1.3570 and 1.3620 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.