GBPUSD News

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Last Updated Date: 31 March 2021 @ 6:49 AM (UTC)
*Please note that all the dates are in GMT time zone

The British Pound pair inched down 0.01% to 1.3737. U.S. President Joe Biden later in the day will outline how a $3 to $4 trillion infrastructure plan will be funded. He also targeted opening the U.S. COVID-19 vaccine program to 90% of American adults by Apr. 19 earlier in the week.

Overall the GBPUSD market is bearish with a downside breakout likely sending trade to attack a 1.3670 low. A close under 1.3670  will lead to 1.3600. Current corrective rebounds trapped by 1.3804 will maintain bear forces. Just a close over 1.3840 confirms the start of a reversing upturn as a minor correction.

Resistance 2       1.3804
Resistance 1       1.3762

 
Support 1            1.3711
Support 2            1.3670


 


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