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GBP/USD daily chart

  • GBP/USD is trading in a consolidation above its 200-day simple moving average (SMA).
  • Volatility is likely going to be limited on Easter Monday.

GBP/USD 4-hour chart

  • GBP/USD is hovering above 1.2950 key support.  

GBP/USD 30-minute chart

  • The market is trading below its main SMAs suggesting a negative bias in the short-term.  
  • 1.2880 is a key intraday support and a break below would open the gates to 1.2950 level.  
  • Alternatively, a bounce at 1.2880 can lead to a recovery to 1.3000 and 1.3020 level

Additional key levels