Source: PaxForex Premium Analytics Portal, Technical Insight
GBP/USD: consolidates in the range of 1.3640-1.3850 - UOB Group.
GBP/USD,D1
Pivot: 1.3735
Analysis:
While the price is below 1.3880, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.3735
- Take Profit 1: 1.3570
- Take Profit 2: 1.3430
Alternative scenario:
If the level 1.3880 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.3880
- Take Profit 1: 1.3985
- Take Profit 2: 1.4090
Comment:
RSI shows the development of a downtrend in the medium term.
Key levels:
| Resistance | Support |
| 1.4090 | 1.3570 |
| 1.3985 | 1.3430 |
| 1.3880 | 1.3350 |
