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GBPUSD 12.01.2021
Overview:
The above chart shows that the pair is trading below a strong resistance level around 1.3536, which enhances the downside chances during today's trading.
Expected:
Continuing to trade below the aforementioned resistance level, may push the pair down to 1.3480
Alternative Scenario:
On the other hand, we think that if the 1.3536 level was broken to the upside, the pair might rise to 1.3590
| Resistance | 1.3536 | 1.3560 | 1.3590 |
| Support | 1.3480 | 1.3440 | 1.3410 |
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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