GBP/USD | British Pound to US Dollar Trading Analysis
GBP/USD | British Pound to US Dollar Trading Analysis
Written by: PaxForex analytics dept - Monday, 14 June 2021 0 comments
Source: PaxForex Premium Analytics Portal, Technical Insight
Goldman Sachs analysts believe the Fed will not yet signal an imminent unwinding at this week's monetary policy meeting (June 15).
GBP/USD,D1
Pivot: 1.4116
Analysis:
While the price is above 1.3970, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.4116
- 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 |