Reuters reports comments of the prime minister:
- It's worth stressing that the third wave of the coronavirus is now underway in Europe;
- Britain believes that now is not the time to restrict the use of the vaccine, it is important to work together;
- We expect the EU to continue to meet its obligations under the agreement;
- We remain confident in the vaccine supply.
GBP/USD, 30 min
Pivot: 1.3845
Analysis:
Provided that the currency pair is traded above 1.3820, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.3845
- Take Profit 1: 1.3875
- Take Profit 2: 1.3890
Alternative scenario:
In case of breakdown of the level 1.3820, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3820
- Take Profit 1: 1.3815
- Take Profit 2: 1.3800
Comment:
RSI shows ascending momentum during the day.
Key levels:
Resistance Support
1.3915 1.3830
1.3890 1.3815
1.3875 1.3800
GBP/USD, D1
Pivot: 1.3868
Analysis:
While the price is above 1.3745, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3868
- Take Profit 1: 1.4010
- Take Profit 2: 1.4180
Alternative scenario:
If the level 1.3745 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3745
- Take Profit 1: 1.3500
- Take Profit 2: 1.3300
Comment:
RSI indicates that an uptrend continues in the medium term.
Key levels:
Resistance Support
1.4370 1.3745
1.4180 1.3500
1.4010 1.3300
GBP/USD Forecast Fundamental Analysis | British Pound / US Dollar
Prev article
EUR/JPY | Euro to Japanese Yen Trading Analysis
Next article
Recent articles
EUR/JPY | Euro to Japanese Yen Trading Analysis
ECB head Lagarde: so far we see no signs that inflationary pressures are becoming widespread.
GBP/JPY | British Pound to Japanese Yen Trading Analysis
GBP/JPY is declining from 2-week highs, approaching 151.50.