GBPUSD 05.07.2021

Technical Analysis
Monday, July 05, 2021 - 15:50
Point Trader Group
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 levels1.38601.38901.3930
Support levels1.38401.38201.3800

 

  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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