GBP/USD analysis for December 14, 2018 - ConsultFX

GBP/USD analysis for December 14, 2018


Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.2529. According to the H1 time – frame, I have found that the momentum is on the downside, but in my opinion the sellers may got exhausted. Due to potential oversold conditions, my advice is to watch for buying opportunities if you see that breakout of the supply trendline. The upward targets are set at the price of 1.2600 and at the price of 1.2623.

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