Technical analysis of the GBPUSD currency pair; 25-12-2022Deltafx Admin 26 December 2022
As we analyzed last week, the price fell exactly to the level of 1.19946. It seems that this level is an important area for this currency pair. We expect that in the coming week, if the price manages to break this level, it will rise in an uptrend to the level of 1.22880
Important levels next week GBPUSD currency pair; 25-12-2022
In this section we will study the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market in the next week, and you can use these GBPUSD (Close Price Last week is 1.20460)
(1.09304, 1.11498, 1.14102, 1.17523, 1.19946, 1.22880, 1.26631, 1.29798, 1.31694)
levels as profit and loss limits in your transactions.
GBPUSD Fibonacci Pivot Point Levels
These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. The levels in the 4-hour time frame are usually used by traders for daily trading and it is possible to change them during the coming week due to market fluctuations. Higher time frames are intended for longer-term transactions and their change in the next week requires more fluctuations and also the failure of the previous levels.