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
GBPUSD_STPH4 (1)

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>