(DAILY NOTION) GBP/USD Likely to Test the 1.3600 Resistance Zone, Next Mover: U.S. Stimulus
GBP/USD is currently trading at around 1.3540. The U.S. Senate did not vote on increasing COVID-19 stimulus checks yesterday. This move significantly decreased chances for stimulus checks but traders ignored the development and continued to sell the U.S. dollar.
The Stochastic RSI indicator is at the middle territory and there is still have room to gain momentum in the short-term in case the right catalysts emerge. As reported by Vladimir Zernov, He pointed out that GBP/USD will move towards the next resistance level at 1.3575 if it settles above 1.3540. GBP/USD then will push towards the next resistance level of 1.3675 if settle above the resistance level at 1.3575.
On the support side, He pointed out that GBP/USD will move to the support level at 1.3485 if declines below the level at 1.3500. GBP/USD will move to the next support level at 1.3450 if it moves below the support at 1.3485.
FOLLOWME GBP/USD Overall Sentiment (As of 05:50 p.m., Dec 30, 2020),
Short - 41.69%
Long - 58.31%
For information please refer to Vladimir Zernov.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.