GBPUSD 19.04.2021

Technical Analysis
Monday, April 19, 2021 - 13:44
Point Trader Group
GBPUSD 19.04.2021

Overview: 

Prices are moving in a short-term uptrend 

Expected scenario: 

We notice on the chart above that the pair is trading at the highest level of a strong support around 1.3910, which enhances the chances of a bullish move during today's trading to 1.4000. 

Alternative scenario: 

On the other hand, we believe that in the event of a break of 1.3910 to the downside, this pair might push further down to 1.3850.

Resistance levels

1.4000

1.4050

1.4086

Support levels

1.3910

1.3850

1.3815

 

  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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