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GBP / USD Analysis
The GBP / USD fell below 1.31, despite a 4-hour chart bullish chart on Friday. FXStreet analyst Yohay Elam stated that initial support is expected at 1.308
Yazar: editor_1
Yayınlanma: 7 Ağustos 2020 22:06
Güncellenme: 23 Kasım 2024 06:15
GBP / USD Analysis
The GBP / USD fell below 1.31, despite a 4-hour chart bullish chart on Friday. FXStreet analyst Yohay Elam stated that initial support is expected at 1.3085. On the other hand, resistance is seen as 1.3170. “On the 4-hour chart, momentum is driving positively but is slightly down. While GBP / USD continues to trade above the 50, 100 and 200 Simple Moving Averages, the Relative Strength Index is out of excessive buying conditions. " “Support is expected at the daily low of 1.3085, followed by 1.3055 where the 50 SMA hits the price. The next level to watch is 1.2985 and 1.29. " “Resistance is at 1.3170 July high, followed by a new high at 1.3183 and 1.32. Also, the 1.3270 and 1.3320 levels look interesting. "
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