GBPUSD October, 29 2020

Technical Analysis
Thursday, October 29, 2020 - 03:26
Point Trader Group
GBPUSD October, 29 2020

Overview:

prices are moving in an upward short-term direction

Expected:

The pair is trading above a strong support level around 1.2926, which enhances chances of a bullish move during today's trading to 1.3050. 

Alternative Scenario:

breaking 1.2900 to the downside, may push the pair down to 1.2820

Resistance1.30501.30801.3100
Support1.29261.29001.2820

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