Technical analysis
GBPUSD Wave Analysis – 11 April, 2022
April 11, 2022 @ 13:49 +03:00
![GBPUSD Wave Analysis – 11 April, 2022 GBPUSD Wave Analysis – 11 April, 2022](https://fxpro.news/wp-content/uploads/2020/02/pound-sterling-money-coins-notes.jpg)
• GBPUSD reversed from round support level 1.3000
• Likely to rise to resistance level 1.3160
GBPUSD currency pair today reversed up with the daily Hammer from the round support level 1.3000 (which stopped the previous sharp impulse wave 1 in the middle of March).
The support zone near the support level 1.3000 is strengthened by the lower daily Bollinger Band.
Given the bullish divergence on the daily Stochastic – GBPUSD currency pair can be expected to rise further toward the next resistance level 1.3160.
![](https://fxpro.news/wp-content/uploads/2022/04/gbpusd-primary-analysis-apr-11-1223-pm-1-day-1-1024x479.png)