13^th December 2021 Technical Analysis

GBPUSD

GBPUSD rose last Friday, and the technical bias is bullish due to higher highs in the recent downtrend.

The pair is currently trading near 1.32540，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.32750

Resistance level 2: 1.33000

Resistance level 3: 1.33250

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.32400

Support level 2: 1.32150

Support level 3: 1.31850

On Tuesday, the United Kingdom will announce the unemployment rate data for October. . Higher data indicate unfavourable to the pound, so it is negative for the GBPUSD currency pair, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the GBPUSD currency pair near the current level.

EURUSD

The European and American markets rose last Friday, and the technical bias is bullish due to higher highs in the recent volatility trend.

The pair is currently trading near 1.13100，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.13230

Resistance level 2: 1.13400

Resistance level 3: 1.13600

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.13000

Support level 2:  1.12800

Support level 3: 1.12650

On Wednesday, the Federal Reserve will announce the latest interest rate decision data. The expectation of interest rate hikes and hawkish remarks indicate that it is beneficial to the US dollar, so it is negative for the EURUSD currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to buy the EURUSD currency pair near the current level.