Technical Update

Tuesday December 28 2021


Sideways year end trade with a slight bias to the upside, however resistance remains near by at 1.1350/60 a break up would see an attempt at 1.1390/1.1400

However, a break below support at 1.1300/1.1290 would see further weakness to 1.1260/50 possibly 1.1220 in extension.


GBPUSD remains firm although finding immediate resistance at 1.3450/60 a break here would lead to a test of 1.3500/1.3520. Keltner Channels suggest that the GBPUSD is getting close to being over bought.

Support is now be found at 1.3370 to 1.3350 which may limit the downside, however a deeper correction will see more buyers at 1.3300/1.3280

To trade EURUSD and GBPUSD visit

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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