GBPUSD Wave Analysis – 24 April 2023
April 24, 2023 @ 20:48 +03:00
• GBPUSD reversed from key support level 1.2335
• Likely to rise to resistance level 1.2530
GBPUSD currency pair recently reversed up from the key support level 1.2335 (which stopped the previous corrections 2 and (ii)).
The support level 1.2335 was strengthened by the 20-day moving average and by the 38.2% Fibonacci correction of the upward impulse from March.
Given the clear daily uptrend and strong dollar sales, GBPUSD can be expected to rise further toward the next resistance level 1.2530.