GBP/USD, 30 min
Pivot: 1.4019
Analysis:
Provided that the currency pair is traded above 1.3990, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 1.4019
- Take Profit 1: 1.4045
- Take Profit 2: 1.4070
Alternative scenario:
In case of breakdown of the level 1.3990, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 1.3990
- Take Profit 1: 1.3970
- Take Profit 2: 1.3950
Comment:
RSI shows ascending momentum during the day.
Key levels:
Resistance --- Support
1.4100 -------- 1.3990
1.4070 -------- 1.3970
1.4045 -------- 1.3950
GBP/USD, D1
Pivot: 1.4025
Analysis:
While the price is above 1.3795, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4025
- Take Profit 1: 1.4160
- Take Profit 2: 1.4290
Alternative scenario:
If the level 1.3795 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3795
- Take Profit 1: 1.3670
- Take Profit 2: 1.3560
Comment:
RSI indicates that an uptrend continues in the medium term.
Key levels:
Resistance --- Support
1.4380 -------- 1.3795
1.4290 -------- 1.3670
1.4160 -------- 1.3560
EUR/AUD Forecast Fundamental Analysis | Euro / Australian Dollar
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