GBP/USD | British Pound to US Dollar Trading Analysis
British Prime Minister Johnson's spokesman told reporters today that the prime minister's condition is stable, adding that he receives standard treatment and breathes without any help. The prime minister does not need artificial ventilation of his lungs. Johnson has not been diagnosed with pneumonia. There are enough ventilators in London and around the country. GBP/USD has responded to these claims.
GBP/USD, 30 min
Pivot: 1.2375
Analysis:
Provided that the currency pair is traded above 1.2365, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.2375
Take Profit 1: 1.2420
Take Profit 2: 1.2440
Alternative scenario:
In case of broken-down of the level 1.2365, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.2365
Take Profit 1: 1.2340
Take Profit 2: 1.2315
Comment:
The key support at 1.2365 has been formed, which allowed to stabilize temporarily.
Key levels:
Resistance
Support
1.2475
1.2365
1.2440
1.2340
1.2420
1.2315
GBP/USD, D1
Pivot: 1.2770
Analysis:
While the price is above 1.2155, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2770
Take Profit 1: 1.2745
Take Profit 2: 1.3095
Alternative scenario:
If the level 1.2155 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 1.2155
Take Profit 1: 1.1950
Take Profit 2: 1.1645
Comment:
RSI shows upward momentum.
Key levels:
Resistance
Support
1.3285
1.2155
1.3095
1.1950
1.2745
1.1645
We also advise you to pay attention to the following currency pairs for intra-day trading:
EURUSD – sell below 1. 0880 with 1.0845 and 1.0825 as Take Profit targets. Alternative scenario - if the level of 1.0880 is broken-out, you should consider buying with the targets 1.0900 and 1.0915 as Take Profit. USD/JPY - long positions above 108.75 with 109.10 and 109.25 targets as Take Profit. Alternative scenario - if the level of 108.75 is broken-down, buy with the targets 108.60 and 108.45 as Take Profit. EUR/GBP - buy above 0.8713 with 0.8837 and 0.8874 targets as Take Profit. Alternative scenario - if the level 0.8713 is broken-down, sell with the TP 0.8652 and 0.8616.
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