GBPUSD Forex Analysis for Today, Thursday (21-12-2023)

GBPUSD Forex Analysis for Today, Thursday (21-12-2023)

GBPUSD Declines, Watch for Support Breakthrough

GBPUSD Analysis – The weakening of the British pound is pressing down on GBPUSD. From the H1 timeframe chart, GBPUSD attempts to break through support. If broken, there’s potential for further downside in GBPUSD.

Today’s Trading Strategy:

  • BUY in the Range of 1.26300 – 1.26100
  • Target: 1.26800 – 1.27000
  • Alternative:
    • SELL STOP @1.26100
    • Target: 1.25500 – 1.25600

Resistance Levels

  • R1 1.26100
  • R2 1.25500
  • R3 1.25600

Support Levels

  • S1 1.26300
  • S2 1.26100
  • S3 1.26800
  • S4 1.27000

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness is not responsible for any losses that may arise from the use of this analysis.

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