GBP/USD | British Pound to US Dollar Trading Analysis
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GBP/USD, 30 min
Pivot: 1.1630
Analysis:
Provided that the currency pair is traded above 1.1570, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.1630
Take Profit 1: 1.1665
Take Profit 2: 1.1715
Alternative scenario:
In case of breakdown of the level 1.1570, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.1570
Take Profit 1: 1.1500
Take Profit 2: 1.1445
Comment:
GBP/USD during the day: the trend remains bullish. The reversal point is at the level of 1.1570. RSI is mixed, rather bullish.
Key levels:
Resistance
Support
1.1780
1.1570
1.1715
1.1500
1.1665
1.1445
GBP/USD, D1
Pivot: 1.1600
Analysis:
While the price is above 1.1530, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.1600
Take Profit 1: 1.2000
Take Profit 2: 1.2190
Alternative scenario:
If the level 1.1530 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 1.1530
Take Profit 1: 1.1470
Take Profit 2: 1.410
Comment:
The trend has changed to an upward one, RSI shows the possibility of an upward momentum.
Key levels:
Resistance
Support
1.2425
1.1530
1.2190
1.2000
1.2000
1.2190
We also advise you to pay attention to the following currency pairs for intra-day trading:
EUR/USD – buy above 1.0720 with 1.0830 and 1.0875 as Take Profit targets. Alternative scenario - if the level of 1.0720 is broken-down, you should consider selling with the targets 1.0690 and 1.0635 as Take Profit. EUR/JPY - short positions above 119.64 with 118.21 and 117.82 targets as Take Profit. Alternative scenario - if the level of 119.64 is broken-down, buy with the targets 120.28 and 120.66 as Take Profit. EUR/GBP - sell below 0.9326 with 0.9250 and 0.9208 targets as Take Profit. Alternative scenario - if the level 0.9326 is broken-down, buy with the TP 0.9366 and 0.9390.
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