GBPUSD 1hour Analysis December 16th, 2020
Brexit talks could add some extra volatility for GBP pairs.
Trade Scenario 1: Bearish - Price is back at our key monthly level and previous highs. If we want to look short we can enter on engulfings/variations here, first targeting the .382 retrace around 1.346
Trade Scenario 2: Bullish - If we want to look long we need to wait for a retrace back to the .382 fib around 1.346. Wait for bullish engulfing/variations at this level
Trade Scenario 1: Bearish - Price is back at our key monthly level and previous highs. If we want to look short we can enter on engulfings/variations here, first targeting the .382 retrace around 1.346
Trade Scenario 2: Bullish - If we want to look long we need to wait for a retrace back to the .382 fib around 1.346. Wait for bullish engulfing/variations at this level