GBPUSD Chart Analysis for December 24th

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I will begin GBPUSD Chart Analysis for December 24th







This is USDJPY 30m candle chart for yesterday.

There were not much of a trend. It ended up with drifting sideways following route B.







This is 30m candle chart for GBPUSD today.

It is short position trading strategy.

I will briefly summarize,

1. Please check out route A & B with A’s long position entry timing / B’s short position entry timing with each price point

2. Route A : Please check the price does not go down below long position entry point

3. Route B : Please check whether the price breaks out 1H candle chart’s Bollinger band resistance line strongly.

I’ve indicated finger pointers for each route so that you can cope with it in real time basis.

In case of route A, if the price does not make it up to the final smile face line, you may open short position.

This is it for today.

Merry Christmas.

And Happy New Year.

I will take a rest tomorrow and come back to you on 26th

Thank you.



(Translation
Jae Ho Shin)