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GBPUSD 05.07.2021
Overview:
The pair is trading in an uptrend on the daily term
Expected scenario:
We notice on the above chart that the pair is trading the highest strong support level around 1.3840, which enhances the chances of rising during today's trading.
Alternative scenario:
On the other hand, we see that if 1.3900 is broken lower, it may push this pair down to 1.3820
| Resistance levels | 1.3860 | 1.3890 | 1.3930 |
| Support levels | 1.3840 | 1.3820 | 1.3800 |
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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