Daily Technical Analysis Of GBPUSD – Thursday, May 4

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 is traded close to the level of $1.26.

Today, if it holds its rate above the support level which is located at around $1.2570, then we should expect it to pass the $1.26 level, otherwise it could drop towards the next support level at around $1.25.

(Click on image to enlarge)

AAATrade's Daily Technical Analysis of GBPUSD – 04/05/2023


More By This Author:

Daily Technical Analysis Of USDJPY - Wednesday, May 3
Technical Analysis Of Advanced Micro Devices Inc.
Daily Technical Analysis Of EURUSD - Tuesday, May 2

Disclaimer: We also offer CFD products. 70.91% of retail CFD accounts lose money. CFDs trading is risky and your entire capital might be at risk. Information presented herein, is not to be ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with