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.

Share
Published by
The FxPro Tech Analysis Team
Tags: GBPUSD

Recent Posts

JPMorgan Chase Wave Analysis – 18 December 2025

JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…

7 hours ago

EURUSD Wave Analysis – 18 December 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…

7 hours ago

AUDJPY Wave Analysis – 18 December 2025

AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…

8 hours ago

Palladium Wave Analysis – 18 December 2025

Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…

8 hours ago

GBPUSD. Current situation #tradelikeapro #trading #tradingstrategy #tradingshorts #gbpusd #gbp

Today is Thursday, the 18th of December, and we'll be talking about the British pound…

14 hours ago

Bitcoin is holding, while Solana is on the edge

Bitcoin remains stable near $87K, outperforming altcoins, while Solana faces key support at $120. Institutional…

15 hours ago

This website uses cookies