GBPUSD September, 09 2020

Technical Analysis
Wednesday, September 09, 2020 - 15:24
Point Trader Group
GBPUSD September, 09 2020

Overview:

The chart above shows that the pair is trading above a strong support level around 1.2900, which enhances the bullish chances during today's trading

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 1.3055

Alternative Scenario:

On the other hand, we think that if the 1.2900 level is broken to the downside, this pair might push down to 1.2850

Resistance1.30551.31001.3150
Support1.29001.28701.2840

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