Technical Analysis : GBP/USD 7 May 2021

7 May 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsGBP/USD

Forex Technical Analysis : GBPUSD 7 May 2021

Forex Technical Analysis : GBPUSD

Date : 7 May 2021

Pivot point : 1.3885

Our preference : long positions above 1.3885 with targets at 1.3930 & 1.3950 in extension.

Alternative scenario : below 1.3885 look for further downside with 1.3870 & 1.3855 as targets.

Comment : the RSI shows upside momentum.

Supports and resistances :

1.3970 **
1.3950 *
1.3930
1.3908 – Last price
1.3885
1.3870 *
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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