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
