Technical Analysis : GBP/USD 5 July 2021

5 July 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD 5 July 2021

Forex Technical Analysis : GBPUSD

Date : 5 July 2021

Pivot point : 1.3800

Our preference : long positions above 1.3800 with targets at 1.3845 & 1.3870 in extension.

Alternative scenario : below 1.3800 look for further downside with 1.3775 & 1.3750 as targets.

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

Supports and resistances :

1.3900 **
1.3870 *
1.3845
1.3820 – Last price
1.3800
1.3775 *
1.3750 **

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

Source : Trading Central

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