GBP USD Daily Forex Analysis Forecast – 2019 12 08

What is the expected trend of GBP USD pair,

GBP USD pair monthly and weekly chart arrow and median indicators show long-alerts, buy signals. Expected resistance level from the weekly chart is 1.338
The bullish market continues with the gradual upward move from the support level of 1.19574, which was indicated by the brackets drawn with the Forex Signals pre-alert on August 25th.
Looking at the GBP USD pair charts, you can see that the 1-hour, 4-hour and daily chart’s arrow, median, and pre-alert indicators support the weekly bullish channel, show long-alerts and confirm buy signals.
The 1-hour, 4-hour chart’s expected resistance level is 1.31653. The weekly chart’s resistance level is 1.33813. If the weekly pre-alert indicator level at 1.33813, breaks on a weekly basis, we can follow the bullish channel’s new target at 1.437 price level.
Expected trend bullish market.
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