Overall the GBPUSD market is bearish with a downside breakout likely sending trade to attack a 1.2930 low. A close under 1.2930 is very bearish. A reluctance to extend under 1.2930 hints for attempts to rebound this week. Corrective rebounds trapped by 1.3050 will maintain bear forces. A close over 1.3098 (SAR) confirms the start of a reversing upturn.
Resistance 2 1.3058
Resistance 1 1.3016
Support 1 1.2972
Support 2 1.2930
Last Updated Date: 20 April 2022 @ 5:47 AM (UTC)
*Please note that all the dates are in GMT time zone
