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GBPUSD Intraday Overview and Technical Levels

GBPUSD Intraday Overview and Technical Levels

Published 04-04-2018

Daily Chart:

The trend is Bullish. Price is above EMA 50, EMA 100 and in the upper Bollinger Band.

1.40380 is the first support.

H4 Chart:

GBPUSD is testing the EMA 50 support.  1.40500 is the EMA 100 support of the H4 Chart.

We have weekly EMA support at 1.40000.

Summary:

U.K and U.S PMI will be released today.

1.40500 and 1.40380 are the first downside levels. A break below 1.40380, will carry the price 1.40070 and 1.39770.

On the upper side: 1.40830 and 1.41000 are the levels to watch. Close above 1.41000 will trigger the bullish move.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

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