Technical analysis of GBP/USD 11/19/2020

The GBP/USD currency pair is in an uptrend on the daily timeframe. At the moment, the pair is forming an upward movement, quotes are in the area of ​​the 1.3300 level. The nearest resistance is at the level of the annual high in the 1.34 zone. The technical picture suggests a continuation of the upward movement to the 1.36 zone. A signal to cancel the growth development option will be a decline below 1.3000, which will indicate a breakdown of the uptrend line and MA100.

GBPUSD_STPDaily2

Created by Joshua Hayn

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