Source: PaxForex Premium Analytics Portal, Technical Insight
The Bank of England has not yet made a decision on the launch of the digital currency by the central bank.
GBP/USD, D1
Pivot: 1.4159
Analysis:
While the price is above 1.3970, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4159
- Take Profit 1: 1.4240
- Take Profit 2: 1.4380
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 |
| 1.4500 | 1.3970 |
| 1.4380 | 1.3800 |
| 1.4240 | 1.3670 |
