GBPUSD Intraday Technical Analysis


The global financial markets will have very little to report on Friday. Action resumes next week with a steady stream of economic data. On Easter Monday, traders will brace for a deluge of manufacturing PMIs from around the world.  In the meantime, This 30 March GBPUSD Intraday Technical Analysis shows how the pair trades at the moment.

30 March, OctaFX – The British pound has recovered towards the 1.4060 level against the greenback, as the U.S dollar index slips back below the 90.00 key level.

The GBPUSD pair is currently trading around the 1.4050 level, with the sentiment surrounding the pair still bearish whilst price-action trades below the 1.4087 level. With a lack of macroeconomic data releases on Friday, the U.S dollar index and technical traders are likely to be the main driving force behind intraday price movements.

30 March GBPUSD Intraday Technical Analysis

  • The GBPUSD pair remains bearish whilst trading below the 1.4087 level, key support is now found at the 1.4031 and 1.4000 levels.

  • Key intraday resistance is currently located at the 1.4087 level, GBPUSD sentiment will turn bullish once price moves above this pivotal level. Key technical resistance is then found at the 1.4146 and 1.4200 levels.

Disclaimer

This article about 30 March 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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