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08.12.202109:53 विदेशी मुद्रा विश्लेषण और समीक्षा: GBP/USD indicator analysis; Daily review for December 8, 2021

Trend analysis (Fig. 1).

The market may move up on Wednesday, from the level of 1.3239 (closing of Tuesday's daily candle) to 1.3287 - the 14.6% retracement level (yellow dashed line). In case of testing this level, continued upward movement is possible to 1.3344 - the 23.6% retracement level (yellow dashed line).

Exchange Rates 08.12.2021 analysis

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Weekly chart - up;

- Bollinger lines - up.

General conclusion:

The price may move up from the level of 1.3239 (closing of Tuesday's daily candle) to 1.3287 - the 14.6% retracement level (yellow dashed line). In case of testing this level, continued upward movement is possible to 1.3344 - the 23.6% retracement level (yellow dashed line).

Unlikely scenario: downward movement from the level of 1.3239 (closing of Tuesday's daily candle) to reach the lower fractal at 1.3193 (yellow dashed line). In case of testing this level, the price may begin to move up with the target of 1.3287 - the 14.6% retracement level (yellow dashed line).

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

Stefan Doll,
InstaForex के विश्लेषणात्मक विशेषज्ञ
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