25.04.202309:32 Forex Analysis & Reviews: GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

GBP/USD has been trading Upside in the background but this morning I found the pullback towards the support.

Due to the upside push yesterday and the bull side cycle, I see potential for the upside movement.

Upside objective is set at the price of 1.2539

MACD oscillator is showing upside reading, which is good sign for the further upside movement.

Intraday support is set at the price of 1.2450

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.