Technical Analysis : GBP/USD 1 April 2020

Forex Technical Analysis : GBPUSD

Date : 1 April 2020

Pivot point : 1.2400

Our preference : short positions below 1.2400 with targets at 1.2295 & 1.2240 in extension.

Alternative scenario : above 1.2400 look for further upside with 1.2440 & 1.2480 as targets.

Comment : the RSI shows downside momentum.

Supports and resistances :

1.2480 **
1.2440 *
1.2400
1.2350 – Last price
1.2295
1.2240 *
1.2135 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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