22/04 GBPUSD eyes on 1.4920 level


TECHNICAL DAILY OUTLOOK – GBPUSD 22nd of April

EYES ON 1.4920

NEWS THAT CAN HAVE AN IMPACT
– UK BOE MPC MEETING MINUTES (09:30 GMT)
– USA EXISTING HOME SALES (15:00 GMT)

Yesterday was a sideway and slow day for cable, so today we expect (and news will likely make it happen) a nice momentum. The possible scenarios for today are still 2 (the same as yesterday’s):

– if 1.4920 – 1.4850 area will accumulate bulls projections (= if you will never see price dropping substantially below) then price will end with gaining 1.5045 area, first, and eventually 1.5045, then. This can happen after a conjunction of both UK (good) data and USA (bad) data.

– bearish breach of 1.4850 – 1.4820 support will lead to a downtrend consolidation around 1.4780, and eventually toward 1.4710.

And this can happen after a conjunction of both UK (bad) data and USA (good) data.

GBPUSD 22nd of April – D1 GBPUSD 22nd of April – D1

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GBPUSD 22nd of April – H4 GBPUSD 22nd of April – H4

GBPUSD 22nd of April – M30 GBPUSD 22nd of April – M30

Author: Simone Ambrogio

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