Daily Technical Analysis Of GBPUSD – Thursday, April 20

By AAATrade of aaatrade.com
Thursday, April 20, 2023 9:49 AM EDT

Photo by Colin Watts on Unsplash 
 

Spotlight on GBPUSD. The latest daily technical analysis by AAATrade reveals the key support and resistance levels that each of these assets is likely to reach today. Look at the charts and our market analysts’ observations below and gain a fresh perspective on trading.
 

GBPUSD

Looking at GBPUSD’s chart, we can see that the Forex pair has fallen from the level of around $1.2545 to the current rate of around $1.2425 which is also the support level.

Today, if it manages to hold it above that level, then we could see it rising toward the resistance level of around $1.2470, otherwise, it should test the next support level at around $1.24.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of GBPUSD – 20/04/2023

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