GBPUSD August, 27 2020

Technical Analysis
Thursday, August 27, 2020 - 17:02
Point Trader Group
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

 

Resistance1.32551.32801.3300
Support1.32001.31801.3140

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