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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 16.4.2024

Technical Analysis
Tuesday, April 16, 2024 - 10:32
Point Trader Group
GBPUSD 16.4.2024

General trend: conditional decline.
Expected scenario:
The pair is trading below a strong resistance level around 1.2500, which enhances the chances of a drop to 1.2377.
Alternative scenario:
The scenario turns bullish with a break of 1.2500, targeting 1.2600
The most important levels
resistance:
1.2500 – 1.2600
support:
1.2377 – 1.2320

*Risk Disclaimer: 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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