GBPUSD 12.01.2021

Technical Analysis
Tuesday, January 12, 2021 - 00:52
Point Trader Group

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

 

Resistance1.35361.35601.3590
Support1.34801.34401.3410

 

  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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