empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

21.04.202217:34 Forex Analysis & Reviews: GBP/USD analysis on 21 April

Exchange Rates 21.04.2022 analysis

GBP/USD has edged higher on the back of hawkish comments from BOE policymaker Catherine Mann in the early American session but quickly changed course as the greenback is back in fashion.

GBP/USD is trading slightly above the 100-period SMA on the four-hour chart and the Relative Strength Index (RSI) indicator holds at 60, confirming the bullish bias. On the upside, 1.3100 (200-period SMA, psychological level) aligns as the next resistance. In case this level turns into support, additional gains toward 1.3130 (static level) could be witnessed.

On the flip side, a daily close below 1.3050 (static level) could cause buyers to move to the sidelines. In that case, 1.3020 (20-period SMA) and 1.3000 (psychological level) could be seen as next support levels.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.