NEWS: GBP/USD price is falling -0.3% as USD continues to rise in front of the Fed meeting later this week.
Possible Scenarios:
If GBP/USD fails to breach through S2 of 1.36539, our Research Department expects the GBP/USD to undergo a short-term upward correction.
If GBP/USD manages to break below its S2 of 1.36539, our Research Department expects the GBP/USD to extend its losses to its S3 of 1.363.
Support and Resistance Levels:
GBP/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.36300 |
1.36539 |
1.36778 |
1.37096 |
1.37414 |
1.37653 |
1.37892 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €85.34 |
(+/-) £73.16 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.17181
***GBP/USD = 1.36694
Calculations for exchange rate used as of 08:55 (GMT+1) 20/09/2021