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GBPUSD 12-12-2023

Technical Analysis
By Shady Fouad
0 26

GBPUSD 12-12-2023

The current prices are trading below a secondary resistance level around 1.2620, indicating a potential continuation of the downtrend towards the support level at 1.2400. This scenario would be invalidated if there is a break above the previously mentioned resistance level.

Support

 1.2500 1.2450 1.2400
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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