The pound is trading in a flat

14 December, 2018

  • Prev Open: 1.26245
  • Open: 1.26325
  • % chg. over the last day: +0.18
  • Day's range: 1.25742 – 1.26623
  • 52 wk range: 1.2477 – 1.4378

GBP/USD has stabilized. The pound is trading in a flat. The local support and resistance levels are 1.25800 and 1.26300. The financial market participants are waiting for the relevant data regarding Brexit. The US Retail report is in the spotlight. You should open positions from the key levels.

The News Feed is calm for today.

Indicators do not provide signals, the price has crossed 50 MA.

The MACD histogram is around 0.

Stochastic Oscillator is in the neutral zone, the %K line is crossing %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.25800, 1.25400, 1.24850
  • Resistance levels: 1.26300, 1.26800

If the price fixes below the round 1.25800, the GBP/USD quotes are expected to fall towards 1.25400-1.25000.

Alternatively, they can rise to 1.26750-1.27000.

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