Sterling Tests 1.3500 Ceiling Ahead of New Year

GBPUSD crossed the 60MA on the Daily chart but the candle hasn’t closed above it yet. But it’s testing the 1.3500 ceiling and that’s still the level to watch.

GBPUSD Daily Chart
GBPUSD Daily Chart

There’s not a lot in terms of fundamentals to talk about during thin market conditions. The following are intraday snapshots that should hold for the rest of 2021.

GBPUSD H4 Chart
GBPUSD H4 Chart
GBPUSD H1 Chart
GBPUSD H1 Chart
GBPUSD M15 Chart
GBPUSD M15 Chart

The targeted support and resistance levels are in the latest colored boxes on the respective charts.

Price action would have to cross their respective colored zones to confirm any meaningful change or extension in trend.

As always, all prior support and resistance lines were still respected and will likely continue to be.


All displayed chart support/resistance lines are either historical levels or actual confirmed order book levels currently being traded by major players based on available market intelligence.

Disclaimer: This content is for educational purposes only. It does not constitute trading or investment advice. Past performance does not indicate future results. Do not invest more than you can afford to lose.

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