GBPUSD 01.04.2021

Technical Analysis
Thursday, April 01, 2021 - 16:00
Point Trader Group
GBPUSD 01.04.2021

Overview:

Prices are moving in a short term downtrend

Expected scenario:

The pair is approaching a strong resistance level around 1.3847, which enhances the downside chances during the day's trading to 1.3800

Alternative scenario:

On the other hand, we think that if the 1.3850 level is broken to the upside, this pair might push further up to 1.3900. 

 

Resistance

1.3850

1.3900

1.3932

Support

1.3800

1.3760

1.3735

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


Related Topics

REQUEST A CALL BACK

We Are Always Ready To Help You

YOU CAN TRUST POINT

For Expert Financial Advice