GBP USD Technical Analysis 15 December 2020
GBP USD Technical Analysis: The GBP declined 0.13% against the USD on Monday and closed at 1.3328. Today in the Asian session, while GBP USD technical Analysis 15 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3305, which is 0.17% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3245 and a fall through could take it to the next support level of 1.3135 The pair is expected to find its first resistance at 1.3430 and a rise through could take it to the next resistance level of 1.3475. Today’s expected trading range is between 1.3100, support and 1.3540 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3245
Support 2: 1.3135
Support 3: 1.3100
Important resistance levels:
Resistance 1: 1.3430
Resistance 2: 1.3475
Resistance 3: 1.3540
GBP/USD buying opportunity for intraday trading on December 15, 2020
Buy near the support zones 1.3245 and 1.3135 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 15, 2020
Sell near the resistance zones 1.3430 and 1.3475 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.