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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.
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