GBPUSD 04.03.2022

Technical Analysis
Friday, March 04, 2022 - 14:38
Point Trader Group
GBPUSD 04.03.2022

Overview:

The pair is trading in a downtrend

Expected scenario:

The pair recently reached a strong support level around 1.3200 and the pair may rise from this level to target 1.33

Alternative scenario:

On the other hand, we see that if the 1.32 level is broken down by at least a daily candle, it may push this pair to fall to 1.31

resistance levels

1.3300

1.3350

1.3400

Support levels

1.3200

1.3150

1.3100

  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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