GBPUSD Intraday Overview and Technical Levels
The trend is Bullish. Price is above EMA 50, EMA 100 and in the upper Bollinger Band.
1.40380 is the first support.
GBPUSD is testing the EMA 50 support. 1.40500 is the EMA 100 support of the H4 Chart.
We have weekly EMA support at 1.40000.
U.K and U.S PMI will be released today.
1.40500 and 1.40380 are the first downside levels. A break below 1.40380, will carry the price 1.40070 and 1.39770.
On the upper side: 1.40830 and 1.41000 are the levels to watch. Close above 1.41000 will trigger the bullish move.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
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