FX.co ★ Trading Signal for GBP/USD for December 21 - 22, 2022: sell below 1.2165 (21 SMA - 200 EMA)

Early in the American session, GBP/USD is trading at 1.2147 below the 21 SMA and below the 200 EMA. Since December 15, we can see that the British pound has been trading within a downtrend channel.

The British pound could face strong resistance around 1.2160 and 1.2175. In case GBP/USD fails to break it, we could expect a technical correction towards 1.2100 levels and the pair could even reach the area of 1.2061.

The Eagle indicator is giving positive divergence but has a zone of strong resistance. So, any bounce in the GBP/USD pair below 1.2175 could be considered an opportunity to sell.