April 19, OctaFX – The British pound has fallen to its weakest trading level against the US dollar so far this month as the greenback surges higher across the board.
GBPUSD technical analysis
The GBPUSD pair is heavily bearish while trading below the 1.2985 level, while the 1.3030 level former support turned key intraday resistance. The downside target of the large head and shoulders pattern on the one-hour time frame extends below the 1.2900 level.
The GBPUSD pair is heavily bearish while trading below the 1.2985 level, key support is found at the 1.2940 and 1.2855 levels.
If the GBPUSD pair trades above 1.2985 level, key intraday resistance is found at the 1.3030 and 1.3060 levels.
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