GBPUSD Intraday Technical Analysis


What to expect from GBPUSD movements today? This 26 April GBPUSD Intraday Technical Analysis from OctaFX analysts will provide you with necessary guidance.

26 April, OctaFX – The British pound continues to trade towards the lower bounds of its recent trading range against the U.S dollar, ahead of Friday’s key UK Q1 GDP report. The GBPUSD pair currently trades around the 1.3930 level, after earlier moving to a fresh weekly price-low, at 1.3894.

Sterling traders are likely to react to the U.S Durable Goods Orders data release and pay close attention to the ECB meeting later today.

26 April GBPUSD Intraday Technical Analysis

  • The GBPUSD pair holds a medium-term bearish bias while trading below the 1.3992 level, key support is found at the 1.3917 and 1.3880 regions.

  • If the GBPUSD pair trades back above the 1.3992 level, buyers may be encouraged to test towards the 1.4046 and 1.4100 resistance areas.

Disclaimer

This article about 26 April GBPUSD Intraday Technical Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Also, speculative trading is a challenging prospect, even to those with market experience and an understanding of the risks involved.

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