GBP/USD | British Pound to US Dollar Trading Analysis

GBP/USD, D1


GBP/USD


Pivot: 1.2197


Analysis:

While the price is above 1.3970, follow the recommendations below:

  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.4187
  • Take Profit 1: 1.4380
  • Take Profit 2: 1.4500


Alternative scenario:

If the level 1.3970 is broken-down, follow the recommendations below:

  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.3970
  • Take Profit 1: 1.3800
  • Take Profit 2: 1.3670


Comment:

RSI shows the development of an uptrend in a medium term.


Key levels:

Resistance --- Support

1.4650 -------- 1.3970

1.4500 -------- 1.3800

1.4380 -------- 1.3670

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