FX.co ★ Daily analysis of GBP/USD for December 11, 2017

The pair starts a decisive week as it can be the latest one of the year, in terms of volatility. BoE's interest rate decision is due this Thursday and GBP/USD is preparing the ground to decide the next path. If the pair manages to break above 1.3417, then we can expect an advance towards the 1.3541 level. MACD indicator remains in the negative territory, favoring to the downside.

H1 chart's resistance levels: 1.3417 / 1.3541

H1 chart's support levels: 1.3303 / 1.3228

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3417, take profit is at 1.3541 and stop loss is at 1.3298.