GBP/USD,D1

Pivot: 1.3735

Analysis:

While the price is below 1.3880, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 1.3735
• Take Profit 1: 1.3570
• Take Profit 2: 1.3430

Alternative scenario:

If the level 1.3880 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1.3880
• Take Profit 1: 1.3985
• Take Profit 2: 1.4090

Comment:

RSI shows the development of a downtrend in the medium term.

Key levels:

Resistance --- Support

1.4090 --------- 1.3570

1.3985 --------- 1.3430

1.3880 --------- 1.3350

Recent articles

JPY EUR

Wednesday September 29, 2021

EUR/JPY | Euro to Japanese Yen Trading Analysis

ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.

Read more

GBP JPY

Wednesday September 29, 2021

GBP/JPY | British Pound to Japanese Yen Trading Analysis

GBP/JPY is declining from 2-week highs, approaching 151.50.

Read more