GBP USD Technical Analysis 21 December 2020
GBP USD Technical Analysis: The GBP declined 0.64% against the USD on Friday and closed at 1.3497. Today in the Asian session, while GBP USD technical Analysis 21 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3351, which is 1.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3330 and a fall through could take it to the next support level of 1.3285 The pair is expected to find its first resistance at 1.3440 and a rise through could take it to the next resistance level of 1.3515. Today’s expected trading range is between 1.3140, support and 1.3515 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 1.3330
Support 2: 1.3285
Support 3: 1.3140
Important resistance levels:
Resistance 1: 1.3440
Resistance 2: 1.3515
Resistance 3: 1.3620
GBP/USD buying opportunity for intraday trading on December 21, 2020
Buy near the support zones 1.3330 and 1.3285 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 21, 2020
Sell near the resistance zones 1.3440 and 1.3515 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.