GBP/USD, 30 min
Pivot: 1.3929
Analysis:
Provided that the currency pair is traded below 1.3975, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3929
- Take Profit 1: 1.3900
- Take Profit 2: 1.3870
Alternative scenario:
In case of breakout of the level 1.3975, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.3975
- Take Profit 1: 1.4010
- Take Profit 2: 1.4040
Comment:
RSI shows descending momentum during the day.
Key levels:
Resistance --- Support
1.4040 -------- 1.3900
1.4010 -------- 1.3870
1.3975 -------- 1.3840
GBP/USD, D1
Pivot: 1.3992
Analysis:
While the price is above 1.3670, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3992
- Take Profit 1: 1.4240
- Take Profit 2: 1.4370
Alternative scenario:
If the level 1.3670 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3670
- Take Profit 1: 1.3450
- Take Profit 2: 1.3260
Comment:
RSI indicates that an uptrend continues in the medium term.
Key levels:
Resistance --- Support
1.4560 -------- 1.3670
1.4370 -------- 1.3450
1.4240 -------- 1.3260
AUD/NZD Forecast Fundamental Analysis | Australian Dollar / New Zealand Dollar
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