GBP/USD, 30M
Pivot: 1.3684
Analysis:
Provided that the currency pair is traded below 1.3715, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3684
- Take Profit 1: 1.3650
- Take Profit 2: 1.3620
Alternative scenario:
In case of breakout of the level 1.3715, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.3715
- Take Profit 1: 1.3740
- Take Profit 2: 1.3770
Comment:
RSI shows descending momentum during the day.
Key levels:
Resistance --- Support
1.3770 -------- 1.3650
1.3740 -------- 1.3620
1.3715 -------- 1.3600
GBP/USD, D1
Pivot: 1.3705
Analysis:
While the price is below 1.4000, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3705
- Take Profit 1: 1.3450
- Take Profit 2: 1.3260
Alternative scenario:
If the level 1.4000 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4000
- Take Profit 1: 1.4240
- Take Profit 2: 1.4370
Comment:
RSI indicates that a downtrend continues in the medium term.
Key levels:
Resistance --- Support
1.4370 -------- 1.3450
1.4240 -------- 1.3260
1.4000 -------- 1.3070
EUR/JPY Forecast Fundamental Analysis | Euro / Japanese Yen
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