Technical analysis of GBP/USD 02/04/2021
The GBP/USD currency pair has broken through the uptrend line and (MA100) on the 4H timeframe. Now the pair is testing the key support of the 1.3600 level, what coincides with (MA200).
If the quotes manage to gain below 1.3600, this will mean a trend change on the 4H timeframe and a downward correction on the daily chart.
The closest support level will be the level around the price 1.3500 (23.6% Fib).
Cancellation of the option for the development of a downtrend within the medium-term correction of the pair will be the growth of quotes above the level of the previous maximum at 1.3750.
Created by Joshua Hayn