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GBPUSD 04.05.2021
Overview:
Prices are moving in a short term downtrend
Expected scenario:
The above chart shows that the pair is trading below a strong resistance level around 1.3935, which enhances the downside chances during today's trading to 1.3820 and from there to 1.3800.
Alternative scenario:
On the other hand, we think that in the event of a break of 1.3935 to the upside, this pair might push further to the upside, reaching 1.3950, and then 1.3970.
Resistance levels | 1.3935 | 1.3970 | 1.4000 |
Support levels | 1.3820 | 1.3800 | 1.3770 |
*Risk Disclaimer: 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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