Categories: Technical analysis

GBPUSD Wave Analysis – 11 April, 2022

• 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.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: GBPUSD

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