GBPUSD 10.05.2021

Technical Analysis
Monday, May 10, 2021 - 02:47
Point Trader Group
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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