Technical Analysis for GBPUSD - H1 Timeframe - December 29, 2021

- GBPUSD is below MA & Pivot Point. RSI is above 50 level mark. Reversing Up Trend is observed.
- Upward Channel has been formed and price has currently reversed from the top.
- Flat price range band is marked with 1.33879 – 1.134163 – 1.34629.
- Breaking R2 – 1.34629 may take price up to 1.34845.
- Alternative Scenario – Down trend may be observed below 1.34060.
- Watch out levels for intraday trading.