FX.co ★ Trading Signal for GBP/USD for December 25 - 28, 2020

Trading tip for GBP/USD for December 25 – 28

Sell below 1.3545 (7/8 murray), with take profit at 1.3427 (6/8 and SMA 21), stop loss above 1.3580.

Buy if there is a rebound at 1.3427 (SMA 21), with take profit 1.3549 and 1.3670, stop loss below 1.3390.

Buy around (EMA 200), with take profit 1.3427 and 1.3549, stop below 1.3305

The GBP/USD pair has left a double top at the high of 1.3620, where it has started a technical correction, to develop the upward momentum. The eagle indicator is supporting this correction on the British pound.

We hope that if it remains below the 1.3549 level, where the 7/8 of murray is located, there could be a correction to the 21day SMA. At this level, there will be another good opportunity to buy.

Support And Resistance Levels For December 25-28

Resistance (1) 1.3588

Resistance (2) 1.3690

Resistance (3) 1.3812

Support (1) 1.3366

Support (2) 1.3244

Support (3) 1.3142