GBPUSD August, 03 2020

Technical Analysis
Monday, August 03, 2020 - 16:37
Point Trader Group

Overview:

The chart above shows that the pair is trading above a strong support level around 1.30, which enhances the chances of an upward movement during today's trading

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1.3030

Alternative Scenario:

On the other hand, we see that if the 1.30 level breaks down, it could push this pair down to 1.2950

 

Resistance1.30301.30501.3090
Support1.30001.29501.2915

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


Related Topics

REQUEST A CALL BACK

Get financial advice from Point trader group experts

YOU CAN TRUST POINT TRADER GROUP

For Free Expert Financial Advice