In the 4-hour GBPUSD chart we see the price squeezing between the support line and resistance. On the other hand, by analyzing the price of support that has become a resistance, this analysis has become more operational.
The main support and resistance points in GBPUSD :
S1 : 1.2987
S2 : 1.3036
S3 : 1.3065
Pivot Points : 1.3111
R1 : 1.3141
R2 : 1.3196
R3 : 1.3223
Analysis based on technical indicators :
Moving Average Analysis:
The developments in England can also be attributed to the signature of Queen Elizabeth II's UK exit law. However, the UK's legal time to leave the EU remains less than three days. The United States is also trying to sign a new trade agreement with the United Kingdom. There will also be a court hearing this week on Iran's complaint of buying a tank from England in the 70s and a failure to comply with a contract. According to Iranian lawyers, the UK should pay 21 million and 700,000 pounds in damages.