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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GBPUSD 12.4.2024

Technical Analysis
Friday, April 12, 2024 - 11:55
Point Trader Group
GBPUSD 12.4.2024

General direction: sideways.
Expected scenario:
The pair was able to stabilize below the 1.2500 level, and we may need to confirm the break with an explicit daily close below this level. If the break is confirmed, the pair may continue its decline to reach 1.2450.
Alternative scenario:
The scenario turns bullish again if the pair returns to trading above $1.2500.
The most important levels
resistance:
1.2500 – 1.2600
support:
1.2450 – 1.2400

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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