Unlocking the Secrets of GBP/USD Price Movement: A Guide for December's Initial Week from 4 to 8

Unlocking the Secrets of GBP/USD Price Movement: A Guide for December's Initial Week

The price witnessed a buying wave from the level of 1.2080 that continued for weeks reaching the current level of 1.27106 where the price was able to form a harmonic formation which is known as a trend-reversing bat formation. Therefore we expect that the price will resume the selling wave as long as the price still lies below the psychological resistance level of 1.28004 which prompts traders to... Abandoning the buying position and resuming selling positions targeting levels 1.24809 and 1.24010 and also level 1.23235 as selling targets in the short term