Technical Analysis : GBP/USD 26 August 2021

26 August 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD 26 August 2021

Forex Technical Analysis : GBPUSD

Date : 26 August 2021

Pivot point : 1.3735

Our preference : long positions above 1.3735 with targets at 1.3770 & 1.3785 in extension.

Alternative scenario : below 1.3735 look for further downside with 1.3715 & 1.3695 as targets.

Comment : even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances :

1.3800 **
1.3785 *
1.3770
1.3755 – Last price
1.3735
1.3715 *
1.3695 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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