GBP/USD analysis for December 24,2019 - Upside breakout of the pivot reistance at 1.2958, watch for buying opportuntiies

GBP has been trading upwards in the past 24 hours as I expected. The broke the important pivot resistance at 1.2960. There is the failed bear flag pattern in the background, which is sign that buyers are in control. Upward targets and resistance levels to watch are set at 1.2979, 1.2995 and 1.3030.


MACD oscillator is showing mew momentum on the upside and slow line is sloping upside.

Support level is seen at the price of 1.2958.

Watch for buying opportunities on the dips on the lower frames like 5/15 minutes time-frame.

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