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GBPUSD analysis 26.12.2019

26.12.2019

Market Review

The overalll trend for the currency pair is upward. Round important level 1.2900 level holds back sellers. Breaking through the price pivot zone 1.3000 will result in the formation of an upward pattern 123. Awesome Oscillator indicator shows bullish divergence, while Stochastic Oscillator indicates oversoldness.

 

Trading recommendations:

Buy above the round important level of 1.3000.

Stop loss below the support level of 1.2900.

Target levels - 1.3100; 1.3220; 1.3507.

Author: admin
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