GBP/USD | British Pound to US Dollar Trading Analysis
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GBP/USD, 30 min
Pivot: 1.1850
Analysis:
Provided that the currency pair is traded above 1.1750, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.1850
Take Profit 1: 1.1890
Take Profit 2: 1.1930
Alternative scenario:
In case of breakdown of the level 1.1750, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.1750
Take Profit 1: 1.1700
Take Profit 2: 1.1650
Comment:
GBP/USD during the day: the trend remains bullish. The reversal point is at the level of 1.1750. The RSI is directed positively.
Key levels:
Resistance
Support
1.2000
1.1750
1.1930
1.1700
1.1890
1.1650
GBP/USD, D1
Pivot: 1.1800
Analysis:
While the price is above 1.1750, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.1800
Take Profit 1: 1.2000
Take Profit 2: 1.2240
Alternative scenario:
If the level 1.1750 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 1.1750
Take Profit 1: 1.1650
Take Profit 2: 1.1410
Comment:
The trend has changed to an upward one, RSI shows the possibility of an upward momentum.
Key levels:
Resistance
Support
1.2425
1.1750
1.2240
1.1650
1.2000
1.1410
We also advise you to pay attention to the following currency pairs for intra-day trading:
EUR/USD – buy above 1.0750 with 1.0845 and 1.0890 as Take Profit targets. Alternative scenario - if the level of 1.0750 is broken-down, you should consider selling with the targets 1.0720 and 1.0690 as Take Profit. EUR/JPY - long positions above 119.50 with 118.21 and 120.92 targets as Take Profit. Alternative scenario - if the level of 119.50 is broken-down, sell with the targets 118.85 and 118.46 as Take Profit. EUR/GBP - buy above 0.9108 with 0.9226 and 0.9259 targets as Take Profit. Alternative scenario - if the level 0.9108 is broken-down, sell with the TP 0.9053 and 0.9021.
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