GBP/USD Wednesday Forecast

Wednesday Forecast, April 5, 2023

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1,2423, which will be followed by reaching resistance level 1,2666.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,2423, which will be followed by moving down to support level 1,2269.

Weekly Forecast (April 3 – 7, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,2447, which will be followed by moving up to resistance level 1,2666.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,2447, which will be followed by reaching support level 1,2189 and if it keeps on moving down below that level, we may expect the market to reach support level 1,2010.

Monthly Forecast, April 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1,2447, which will be followed by moving up to resistance level 1,3160.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1,2447, which will be followed by reaching support level 1,1802.

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