GBP/USD intraday: as long as 1.3981 is support loo

GBP/USD intraday: as long as 1.3981 is support look for 1.4066

GBPUSD

Trading Central 2021-02-20 04:48:20

1.3981 is our pivot point.

Our preference: as long as 1.3981 is support look for 1.4066.

Alternative scenario: the downside breakout of 1.3981 would call for 1.3951 and 1.3934.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.4013) but above its 50 period moving average (1.3989).

Supports and resistances:

1.4101 **

1.4083 *

1.4066 **

1.4048

1.4005 last

1.3992

1.3981 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.