Image Source: 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 is in an uptrend, and it is traded at around $1.2464. At the current level, we should expect a big movement depending on the direction it will follow. If it falls below the level of $1.2450, then it could approach the support level at around $1.2380 and if it is not able to hold it, then we could see a further big drop toward the level of $1.22.

On the other hand, if it continues rising, it should test the resistance level at around 1.2510 and if it breaks through it, then it should test the level of 1.26.  

(Click on image to enlarge)

More By This Author:

Daily Technical Analysis Of XAUUSD - Wednesday, April 5
Technical Analysis Of Tilray Brands Inc. - Wednesday, April 5
Daily Technical Analysis Of USDJPY - Tuesday, April 4