GBPUSD Analysis December 17

4 days ago

GBPUSD is currently in a corrective downtrend when encountering the EMA line. The 1.263 and 1.261 zones are important support zones at the moment. A break through this zone will form a long retracement of the pair. On the other hand, the breakout zone of 1.272 still acts as an immediate resistance zone of the pair before touching the old peak around 1.277.

2 days ago

Trade active

The resistance zone of 1.273 has brought great profits for those who follow the strategy.

2 days ago

Trade closed: target reached