GBP/USD | British Pound to US Dollar Trading Analysis
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GBP/USD, 30 min
Pivot: 1.2000
Analysis:
Provided that the currency pair is traded above 1.1220, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 1.1200
Take Profit 1: 1.2385
Take Profit 2: 1.2465
Alternative scenario:
In case of breakdown of the level 1.2120, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 1.2120
Take Profit 1: 1.2050
Take Profit 2: 1.1970
Comment:
GBP/USD during the day: the trend remains bullish. RSI is positively directed.
Key levels:
Resistance
Support
1.2505
1.2120
1.2465
1.2050
1.2385
1.1970
GBP/USD, D1
Pivot: 1.2150
Analysis:
While the price is above 1.2000, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 1.2150
Take Profit 1: 1.2465
Take Profit 2: 1.2730
Alternative scenario:
If the level 1.2000 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 1.2000
Take Profit 1: 1.1770
Take Profit 2: 1.1400
Comment:
The trend has changed to an upward one, RSI shows the possibility of an upward momentum.
Key levels:
Resistance
Support
1.3250
1.2000
1.2730
1.1770
1.2465
1.1400
We also advise you to pay attention to the following currency pairs for intra-day trading:
EUR/USD – buy above 1.1020 with 1.1100 and 1.1150 as Take Profit targets. Alternative scenario - if the level of 1.1020 is broken-down, you should consider selling with the targets 1.0990 and 1.0925 as Take Profit. EUR/JPY - short positions below 120.73 with 119.26 and 118.87 targets as Take Profit. Alternative scenario - if the level of 120.73 is broken-down, buy with the targets 121.39 and 121.78 as Take Profit. EUR/GBP - sell below 0.9065 with 0.8946 and 0.8914 targets as Take Profit. Alternative scenario - if the level 0. 9065 is broken-down, buy with the TP 0.9119 and 0.9152.
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