GBPUSD

 

At the time of writing the pair is trading at 1.2970.            (10/21/2020 8:56 AM)

Our Proprietary Composite Strength Meter suggests      55% Buying.

The above scenario suggests Range Bound activity in the pair. Traders can buy around support levels with profit booking targets of resistance points. Whereas can sell into resistances for targets of support points

The major resistance levels are = 1.3000, 1.3025, 1.3068

The major support levels are = 1.2930, 1.2885, 1.2817

Trend changing point: High of 4H Candle closing above 1.3080

                                        Low of Daily Candle closing below 1.2650