Daily Analysis 17/12/2021

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY GBP/USD

Support & Resistance: R1: 1.341
From the daily chart, the price is in the downtrend channel. It is swinging back to the resistance level. Traders can trade long position and take profit at resistance level.

TRADING TIPS


Long Position

1.332

1.341

1.323