GBPUSD 6-12-2023

Technical Analysis

By Shady Fouad On Dec 6, 2023

GBPUSD 6-12-2023.

prices have dropped after targeting the 1.2700 area. It was expected that this area would limit the upward momentum, and now the prices are trading below a secondary support level at 1.2620. It is likely that the downward trend will continue.

Support	1.2550	1.2450	–
Resistance	1.2620	1.2715	1.2780

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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