Market Analysis 17/12/2020

USD Index lower for both D1 and H4 timeframe.

On H4 timeframe its followed downward channel.

On the basis of US Index and Fundamental issue of GBP our expectation GBPUSD is going to up.

Yesterday the price rose above the target level of 1.3495 after the al neutral release on the Federal Reserve Meeting(unchanged),and today it opened above it, now the 1.3680 target is open.

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