English 
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 |
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
Latest News
Friday, June 18, 2021 - 13:02
Friday, June 18, 2021 - 12:31
Thursday, June 17, 2021 - 17:38
Wednesday, June 16, 2021 - 19:25
Latest Fundamental Analysis
Tuesday, June 08, 2021 - 00:49
Tuesday, June 01, 2021 - 12:50
Monday, May 24, 2021 - 19:02
Tuesday, May 18, 2021 - 01:36
Latest Education Articles
Thursday, February 13, 2020 - 21:24
Thursday, January 30, 2020 - 14:39
Friday, January 17, 2020 - 13:00
Friday, January 17, 2020 - 12:55
