GBPUSD August 23, 2021

Technical Analysis
Tuesday, August 24, 2021 - 02:41
Point Trader Group
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

 

  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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