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GBP USD Technical Analysis 23 December 2020

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GBP USD Technical Analysis 23 December 2020

GBP USD Technical Analysis: The GBP declined 0.76% against the USD on Tuesday and closed at 1.3358. Today in the Asian session, while GBP USD technical Analysis 23 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3435, which is 0.57% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3310 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 1.3450 and a rise through could take it to the next resistance level of 1.3495. Today’s expected trading range is between 1.3190, support and 1.3620 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 1.3310
Support 2: 1.3285
Support 3: 1.3190

Important resistance levels:

Resistance 1: 1.3450
Resistance 2: 1.3495
Resistance 3: 1.3620

GBP/USD buying opportunity for intraday trading on December 23, 2020

Buy near the support zones 1.3310 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 23, 2020

Sell near the resistance zones 1.3450 and 1.3495 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.

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