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GBPUSD 10.05.2021
Overview:
Prices are moving in an upward direction
Expected scenario:
The pair is trading above a strong support level around 1.4000, which enhances chances of a bullish move during today's trading to 1.4060
Alternative scenario:
On the other hand, we think that if the 1.4000 level is broken to the downside, the pair may push further down, to reach 1.3940.
| Resistance levels | 1.4060 | 1.4080 | 1.4100 |
| Support levels | 1.4000 | 1.3940 | 1.3900 |
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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