Technical analysis

31 July 2020

19:17 GBP / USD is trading near the highs of early March

Today, the GBP/USD pair is trading in a narrow range of $1.3085-1.3135-near new highs in early March. The pair is trading above the moving average line MA (200) H1 ($1.2855), and on the four - hour chart-above MA (200) H4 ($1.2595). It is worth noting that the 14-day relative strength index (RSI (14) on D1) is above the level of 70.


Resistance levels are at: $1.3200, $1.3285, $1.3425

Support levels are at:  $1.3015, $1.2910, $1.2815-55

GBP / USD is trading near the highs of early March 31.07.2020

The publication of analysis is a marketing communication and does not constitute recommendation, investment advice or research by TeleTrade. Analysis is not prepared in accordance with legal requirements promoting independent investment research. It is intended solely for informational and educational purposes and shall not be understood as an offer or solicitation to buy or sell financial instruments. Indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.

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