Technical Analysis : GBP/USD 11 March 2021

Forex Technical Analysis : GBPUSD

Date : 11 March 2021

Pivot point : 1.3900

Our preference : long positions above 1.3900 with targets at 1.3950 & 1.3975 in extension.

Alternative scenario : below 1.3900 look for further downside with 1.3880 & 1.3855 as targets.

Comment : the RSI lacks downward momentum.

Supports and resistances :

1.4000 **
1.3975 *
1.3950
1.3929 – Last price
1.3900
1.3880 *
1.3855 **

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

Source : Trading Central

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