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GBPUSD | Daily Analysis | Bullish Break or Bearish Bounce? | FOREX

Published: 24.04.2024
by Joseph Jeffriess

Hi, traders. Thanks for tuning in for today’s update. Today, we are looking at GBPUSD on the daily chart.

Today’s focus: GBPUSD

Pattern – Impulse in a downtrend.
Support – 1.2330
Resistance – 1.2456

Today, we have broken down the current PA we are seeing and thinking about on the GBPUSD. We have touched on news to come and discuss the USD index.

Can buyers beat resistance and the downtrend to start forming a new trend higher? Will we see buyers fail again, maintaining the pattern of LHs and LLs maintaining a new leg lower?

GBPUSD Daily Analysis: Bullish Break or Bearish Bounce?

Good trading.

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