GBP/USD rebounds from 1.3330 and erases earlier losses -- 20/12/217 by shivohum2015

forex · @shivohum2015 · Dec 19 '17

$2.13

GBP/USD rebounds from 1.3330 and erases earlier losses -- 20/12/217

![GBPUSDM5.png](https://steemitimages.com/DQmUijKGkxqzuRiZCNyxTHVoFKJL1v8RsDGWZGxgWZs8HLx/GBPUSDM5.png)

![GBPUSDM30.png](https://steemitimages.com/DQmNoLKdTQdFqk8A32Rro4WWBkHXZEemTcySij4iusgX6qa/GBPUSDM30.png)

![GBPUSDDaily.png](https://steemitimages.com/DQmedF1qEkkkNUicUM7xQP6yHr1pfgX3io4hkz9YAgjHddY/GBPUSDDaily.png)


<center><h2>Technical Levels</h2></center>

The technical indicators in 4 hours chart fail to support a downward extension in the pair GBP/USD, as the Momentum maintains a positive stance while the RSI turned higher, currently at 50, supporting additional gains for the upcoming sessions. The pair keeps trading inside a descendant channel, with a critical support around 1.3300, where buying interest has been surging.

The dip around 1.3320-30 region is well supported on many occasion earlier, hence some upward momentum can be seen in the upcoming sessions.

<hr></hr>
<center><h3>Thank You & Have a Great Day</h3></center>
<hr></hr>

![DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk (1).gif](https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk%20(1).gif)

👍 crypto-wisdom, sthitaprajna, minnowsupport, shivohum2015, gomeravibz, lastminuteman, steemprentice, stephen.king989, valth, gamerveda, whiessl, jhermanbeans, neka, gindor, bitdollar, pomperipossa, pusteblume, chivesz, banjo, cryptohustler, whatamidoing, myday, numpypython, decibel, robertvogt, edrivegom, qwasert, taica, jhagi.bhai, beng05, derosnec, nesbitt, timbalabuch, imamalkimas

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`author`	shivohum2015
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`category`	forex
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`created`	2017-12-19 22:40:42
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properties (23)vote details (34)

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