NEWS: GBP/USD price decreased -0.2%. Concerns surrounding the AstraZeneca vaccine weighs on the pound sterling. The European Medicine Agency confirmed recently a “rare link” between the vaccine and blood clots. The UK has given at least one dose of the coronavirus vaccine to about 50% of the population.
Possible Scenarios:
If GBP/USD fails to breach through S2 of 1.36523, our Research Department expects the GBP/USD to undergo a short-term upward correction.
If GBP/USD manages to break below its S2 of 1.36523, our Research Department expects the GBP/USD to extend its losses to its S3 of 1.36261.
Support and Resistance Levels:
GBP/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.36261 |
1.36523 |
1.36786 |
1.37136 |
1.37486 |
1.37749 |
1.38011 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.12 |
(+/-) £73.1 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.18874
***GBP/USD = 1.36790
Calculations for exchange rate used as of 7:45 am (GMT+1) 9/4/2021