Daily Technical Analysis Of GBPUSD – Thursday, May 4

By AAATrade of aaatrade.com
Thursday, May 4, 2023 9:40 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 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

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