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GBP USD Technical Analysis 28 December 2020

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GBP USD Technical Analysis 28 December 2020

GBP USD Technical Analysis: The GBP rose 0.32% against the USD on Thursday and closed at 1.3538. Today in the Asian session, while GBP USD technical Analysis 28 December 2020 at 4:45 GMT, the GBP/USD is trading at 1.3487, which is 0.35% lower 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 1.3410 The pair is expected to find its first resistance at 1.3615 and a rise through could take it to the next resistance level of 1.3650. Today’s expected trading range is between 1.3310, support and 1.3615 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 1.3470
Support 2: 1.3410
Support 3: 1.3310

Important resistance levels:

Resistance 1: 1.3615
Resistance 2: 1.3650
Resistance 3: 1.3700

GBP/USD buying opportunity for intraday trading on December 28, 2020

Buy near the support zones 1.3470 and 1.3410 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 28, 2020

Sell near the resistance zones 1.3615 and 1.3650 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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