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20.04.201809:26 Forex Analysis & Reviews: Technical analysis and trading recommendations for the GBP / USD currency pair as of April 20, 2018

Long-term review

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The GBP / USD currency pair demonstrates to us a truly high volatility, where from the beginning of the week, the quotation managed to fly over 300 points, leaving behind a pulse candle. Now, we continue to observe the "bear" interest, being already at around 1.4057. Probably assume that the descending mood will still be preserved, but there is already a clear overheating, where it is worth looking for a fulcrum. In this case, the psychological support level of 1.4000 can again serve as a possible support point, where stagnation with subsequent correction is expected in the 1.4015 / 1.3970 range.

Key Levels

Resistance - 1.4100 *; 1.4240 *; 1.4330; 1,4500.

Support 1,4000; 1,3900 *; 1.3800.

* Periodic level

Attention: Forecasts are not a direct guide to action!

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