08.12.202105:46 Forex Analysis & Reviews: Forecast for GBP/USD on December 8, 2021

Despite yesterday's closing with a black candle, the technical side of the British pound has become more bullish. So, on the daily chart, the Marlin Oscillator continues to grow, the price visually tends to reach the first target level of 1.3312 - the Fibonacci level of 138.2%.

Exchange Rates 08.12.2021 analysis

A double convergence of price with the Marlin Oscillator has formed on the four-hour chart. The upward movement is resumed. After the price settles above 1.3312, growth to the second target of 1.3410 - to the Fibonacci level of 123.6% is likely.

Exchange Rates 08.12.2021 analysis

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Laurie Bailey,
Chuyên gia phân tích của InstaForex
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