Technical analysis of GBP/USD 04/21/2021
GBP/USD currency pair is developing an upward movement at 4H timeframe after a correction in the framework of a growing medium-term trend. Quotes broke through the bottom (MA100) and (MA200), finding resistance at 1.4000.
Currently, quotes are at the level of 1.3950. The technical picture suggests a continuation of the upward movement with the minimum target of working out the projection to the level of 1.4150.
Cancellation of the growth option for the pair will be a decline and a breakdown of 1.3900
Created by Joshua Hayn