23.04.201906:43 Forex Analysis & Reviews: Forecast for GBP/USD on April 23, 2019

Long-term review

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GBP / USD

In yesterday's thin market, the pound fell by only 7 points at the end of the day. The price timidly felt the support of the range 1.2978-1.3012, but could not gain a foothold under it. On the daily scale chart, the situation has not changed, the indicators are almost identical to the Monday of the Asian session. On the four-hour chart, the signal line of the Marlin oscillator has grown slightly. It is very close to the border with the territory of growth, which in itself is a level of resistance.

Today, all stock exchanges are operating on the market. We are waiting for a breakthrough of the range 1.2978-1.3012 down and a further decline in the pound to support the price channel 1.2832.

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