GBPUSD October, 19 2020
Overview:
The chart above shows that the pair is approaching strong resistance levels around $ 1.3060 - $ 1.3080.
Expected:
We will wait for the pair to reach the aforementioned resistance levels, and in the event that negative signals appear, we may sell to target 1.2950.
Alternative Scenario:
On the other hand, we think that if the 1.3080 level is broken to the upside, the pair may push further to the upside, to reach the 1.3120 level.
Resistance | 1.3060 | 1.3080 | 1.3100 |
Support | 1.2950 | 1.2925 | 1.2900 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
Related Topics
Latest News
Thursday, March 28, 2024 - 22:14
Wednesday, March 27, 2024 - 22:51
Tuesday, March 26, 2024 - 21:15
Monday, March 25, 2024 - 20:14
Latest Economic Analysis
Tuesday, May 16, 2023 - 23:36
Tuesday, April 25, 2023 - 15:59
Tuesday, April 18, 2023 - 22:22
Tuesday, April 04, 2023 - 17:13
Latest Education Articles
Friday, July 14, 2023 - 19:25
Thursday, February 13, 2020 - 21:24
Thursday, January 30, 2020 - 14:39
Friday, January 17, 2020 - 13:00