GBP/USD: Expected To Test Its Support Level

Dec 20, 2021 at 7:31 AM EST

GBP/USD rate has been in a downward trend in the past hours.

Looking at the GBP/USD chart, we can see the GBP/USD rate has been in a downward trend in the past hours.

Currently, it is traded at around 1.32, and today we could expect it to test its support level at around the range of 1.3160-1.3170.

If able to hold it above that level, then we should expect a bounce-back towards its resistance level at around 1.3250 otherwise it would fall to a new low for the month.

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