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PaxForex
Dec 13, 2019 10:36 AM

Analysis of GBPUSD 13.12.2019 

British Pound/U.S. DollarFXCM

Description

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.3530
• Take Profit Level: 1.3700 (170 pips)

If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.3240
• Take Profit Level: 1.3200 (40 pips)



USDJPY
A possible long position at the breakout of the level 109.70

GOLD
A possible long position at the breakout of the level 1474.00

USDCHF
A possible short position in the breakdown of the level 0.9800

GBPUSD
A possible long position at the breakout of the level 1.1200
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