GBPUSD SEP, 20 2021

Technical Analysis
Monday, September 20, 2021 - 13:52
Point Trader Group
GBPUSD SEP, 20 2021

Overview: 

The pair is trading in a short-term downtrend

Expected scenario:

The above chart shows that the pair may resume its decline to reach the level of 1.3742, which enhances the chances of ascending during today's trading, after reaching the indicated area, targeting 1.3800.

Alternative scenario:

On the other hand, we see that if the 1.3724 level is broken down, it may push the pair down to 1.3680

 

Resistance

1.3800

1.3820

1.3850

Support

1.3680

1.3650

1.3630

 

  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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