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GBPUSD August 23, 2021
Overview: The pair is trading in a short-term bullish trend
Expected scenario: The above chart shows that the pair is approaching a strong resistance level around 1.3725, which enhances the chances of descending during the upcoming period, to target 1.3650
Alternative scenario: On the other hand, we see that if the 1.3725 level is broken upwards, it may push the pair further upwards, to reach 1.3790.
Resistance | 1.3725 | 1.3750 | 1.3790 |
Support | 1.3650 | 1.3625 | 1.3600 |
*Risk Disclaimer: 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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