Could GBP/USD drop to the 1,1778 level?
|Weekly forecast (December 14 – 16, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1,2350 – 1,2306, which will be followed by reaching resistance level 1,2667.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,2350, which will be followed by moving down to support level 1,2111 and 1,1778.
Monthly forecast, December 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1661, which will be followed by reaching resistance level 1.2667 – 1,2994.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1661, which will be followed by moving down to support level 1.0520.
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