GBPUSD Analysis 26.12.2018

The pair rose against the dollar in today's Asian trading session narrowly affected by the European holiday and no news of the day

Where the GBPUSD opened the Asian session at 1.2663, recording a high of 1.2716

The markets are currently looking for the US economy to release housing data with the S & P House Price Index reading, which may show a slowdown in growth to 4.8% versus 5.1% last September, before we see the Richmond Industrial Average reading which may reflect Extending from 16 to 14 last November.

Technical Analysis

GBP / USD has not seen any strong movement in the past sessions, keeping the 1.2636 and 1.2725 support keys intact, so we continue to neutral so far, noting that breaking this support will press the price to initially visit 1.2500, while A breach of resistance will lead the price to achieve positive targets starting at 1.2820 then 1.2962.

The trading range for today is expected among 1.2600 support and 1.2800 resistance

The expected general trend for today: depends on the levels mentioned in the report