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Sell a decline below 1.3305 towards 1.3197.

Sell a decline below 1.3305 towards 1.3197. | 15 December 2020

15 December 2020, GBP/USD

Remain bullish towards 1.3402

Technical observation

As with Euro, on pound I am looking at the following levels 1.3197, 1.3305,1.3404, and 1.3515. In case the price approaches any of these levels but does not break beyond them, I will be looking for a reverse trade. But in case the price breaks and close beyond, then I will be looking for continuation. At this point, only sell positions looks lucrative and may be advised, but should the price break and close above 1.3402, then this will be an ideal place to consider a possible long term buy position.

Trade Recommendations:

Sell a decline below 1.3305 towards 1.3197.

Imelda Maseno
Analyst of «FreshForex» company
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