Looking at the GBPUSD currency pair, there is definitely a possible reversal from the current levels. Since the 30th of November, it has been steadily declining. The level of 1.3350 was the first major support level and it looks like market participants are really reacting to it with a pinch of bullish enthusiasm. By looking at the 4-hour chart, I am noticing a bearish rejection candle. It seems like sellers were not willing to continue selling and their lacklustre was met by buyers’ strong appetite for profit. I am looking at 1.3440 as the first potential place, where we might see a reversal or a continuation of the uptrend. If price breaks above that level, the next stop is the level of 1.3540. I am also looking at the daily chart. There is a bearish rejection forming on it, as well. If the daily close is a pinbar, then this formation will certainly attract more buyers and longer-term traders. Guest post by Colibri Trader Instead of a conclusion, I would like to inform all of you that after a great year of trading, I am giving away a real trading account funded with 1,000USD to one of you. I hope it will be of great help to one of you that is just starting and does not have the chance to invest 1,000USD of his/her own money towards trading. You can participate here and try to win this $1,000 live funded trading account. Guest Guest View All Post By Guest Opinions share Read Next EUR/USD Forecast Dec. 11-15 2017 Yohay Elam 5 years Looking at the GBPUSD currency pair, there is definitely a possible reversal from the current levels. Since the 30th of November, it has been steadily declining. The level of 1.3350 was the first major support level and it looks like market participants are really reacting to it with a pinch of bullish enthusiasm. By looking at the 4-hour chart, I am noticing a bearish rejection candle. It seems like sellers were not willing to continue selling and their lacklustre was met by buyers' strong appetite for profit. I am looking at 1.3440 as the first potential place, where we might… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.