Categories: Technical analysis

GBPUSD Wave Analysis – 30 April 2025

GBPUSD: ⬇️ Sell

– GBPUSD reversed from the long-term resistance level 1.3430

– Likely to fall to support level 1.3200

GBPUSD currency pair recently reversed down from the long-term resistance level 1.3430 (previous yearly high from last year) standing close to the upper daily and weekly Bollinger Bands.

The price also earlier reversed down from the resistance level 1.3430 creating the weekly Shooting Star last week.

Given the overbought weekly Stochastic and the strength of the resistance level 1.3430, GBPUSD currency pair can be expected to fall to the next support level 1.3200.

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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