GBPUSD Forex Analysis – Friday(22-12-2023)

GBPUSD Forex Analysis – Friday(22-12-2023)


GBPUSD Upward Trend, Focus on Support Zone

GBPUSD Analysis – Weakness in the US dollar is supporting the rise of GBPUSD. According to the H1 timeframe chart for GBPUSD, there’s a potential correction before resuming its upward movement.

Today’s Trading Strategy:

  • BUY at Range 1.26739 – 1.26615
  • Target: 1.26939 – 1.27155
  • Alternatives:
    • SELL STOP @1.26615
    • Target: 1.26515 – 1.26415

Resistance Levels

  • R1 1.26615
  • R2 1.26515
  • R3 1.26415

Support Levels

  • S1 1.26739
  • S2 1.26615
  • S3 1.26939
  • S4 1.27155

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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