It is the 3rd week of the joyful December which is high in Christmas spirit. Let bring that joyful spirit to forex trading as well. As always Bro In Finance is back with the latest GBPUSD currency prediction.
GBPUSD Price History
Trade Setup for 23 rd of December 2024
- Mean Value โ 1.24969
- Trade Type โ Sell
- Entry โ 1.25612
- Stop Loss โ 1.25803
- Take Profit โ 1.25191
- Risk to Reward Ratio โ 2.2
According to the mean value generated by our Bro In Finance, BroInsights model, we believe that if the price do cross the marked reigion then we are looking at a declining GBPUSD and that the price will reach 1.24969. And that is the prediction of our BroInsights model. The reason if you may ask as for why ener at 1.25612, is simply because that is the only comfortable place where we can assume that price is going to continue moving downwards due to a fair value gap that has been formed in the last week close to the market close. And based on that drawn fair value gap, we have placed our Stop Loss right a bit above the fair value gap which gives us a good countering range if the price do reject. So far everything is looking good and lets let the market play out the rest.
Check out our AI Forex Prediction category for more.
Not only forex, our BroInsights AI model predicts the future of your favorite companies like BT Group Plc, Aston Martin, Anglo American and many more here.
