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GBPUSD August, 27 2020
Overview:
The above chart shows that the pair is approaching strong resistance levels, which puts us under selling pressure under today's trading
Expected:
We will wait until the pair reaches the resistance level of 1.3250 (near this area), and in the event that negative signals appear, we may sell to target 1.3200
Alternative Scenario:
On the other hand, we think that if the 1.3255 level is broken to the upside, the pair might rise to 1.3300
| Resistance | 1.3255 | 1.3280 | 1.3300 |
| Support | 1.3200 | 1.3180 | 1.3140 |
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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