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GBPUSD August, 05 2020
Overview:
The chart above shows that the pair is trading below a strong resistance level around 1.3163, which enhances the downside opportunities during today's trading
Expected:
Continuing trading below the aforementioned resistance level might push the pair down to 1.3100
Alternative Scenario:
On the other hand, we see that if the 1.3163 level is broken up, it could push this pair to rise to 1.3190
| Resistance | 1.3163 | 1.3190 | 1.3200 |
| Support | 1.3100 | 1.3070 | 1.3020 |
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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