Latest News

GBP/USD price analysis for December 27, 2021


GBP/USD stays in a consolidation phase around 1.3400 on Monday heading into the American session. The cautious market mood could limit the pair’s upside but no significant market action is expected ahead of the New Year holiday.

On the four-hour chart, the pair is moving sideways in a 50-pip range since December 23. Strong static resistance seems to have formed at 1.3340 and buyers are unlikely to show interest in the pair unless it managed to close a four-hour candle above that level. In case that happens, 1.3475 (static level) aligns as the next hurdle before 1.3500 (psychological level).

On the downside, 1.3320 (200-period SMA) and 1.3300 (psychological level, 50-period SMA) could be targeted if the pair drops below 1.3370 (lower limit of the range, former resistance) and flips that level into resistance.

The material has been provided by InstaForex Company –

EUR/USD price analysis for December 27, 2021

Previous article

EUR/USD wave analysis on December 27: Sideways trend continues to develop

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News