GBP/USD Weekly Forecast

Weekly Forecast (December 5 – 10, 2022)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1,2306, which will be followed by reaching resistance level 1,2667.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,2161, which will be followed by moving down to support level 1,1778 – 1,1661.

Monthly Forecast, December 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1661, which will be followed by reaching resistance level 1.2667 – 1,2994.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1661, which will be followed by moving down to support level 1.0520.

Share on facebook
Share on twitter
Share on linkedin