Indicator analysis: Daily review of GBP/USD on December 6, 2022

Watch for buying opportunities on the EUR and GOld

Technical Market Outlook: The GBP/USD pair has extended the up move towards the level of 1.2343 despite the extremely overbought market conditions. There is a clear bearish divergence made between

Technical Market Outlook: The EUR/USD pair new swing high was made at the level of 1.595, so the market is not that far away from the projected target located

The euro-dollar pair may move downward from the level of 1.0489 (closing of yesterday’s daily candle) to the 1.0410 support level (thick blue line). From this level, an upward movement

Technical analysis: BTC/USD has been trading downside at the price of $17.000. Anyway, I see potential for the further rally due to strong support on the test. Trading recommendation

Yesterday, the bulls entered the range of 1.0611. By the close of the day, the price pulled back from resistance. If bearish sentiment keeps growing a pullback may be confirmed

Technical analysis: Gold has been trading downside at the price of $1.768. Anyway, I see potential for the further rally due to strong support on the test. Trading recommendation

Technical analysis: EUR/USD has been trading downside at the price of 1.0476. Anyway, I see potential for the further rally due to strong support on the test. Trading recommendation

To the upside, we expect the pound to settle above 1.2220, then it could give us a signal to buy with targets at 1.23. In case of a break through