GBPUSD Nov, 20 2020

Technical Analysis
Friday, November 20, 2020 - 05:58
Point Trader Group
GBPUSD Nov, 20 2020

Overview:

prices are moving in an upward short-term direction.

Expected:

The pair is approaching a strong resistance level around 1.3300, which enhances the downside chances during today's trading to 1.3245 in the event that negative signals appear below this level.

Alternative Scenario:

On the other hand, we see that if the 1.3300 level is broken to the upside, this pair might push up to 1.3350. 

 

Resistance1.33001.33501.3380
Support1.32451.32201.3200

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