Forex Analysis & Reviews: Indicator Analysis of GBP/USD on April 1, 2024

Today, the price may move upward from the level of 1.2622 (closing of Friday's daily candle) to the 23.6% pullback level at 1.2649 (red dotted line). If this level is reached, a continued upward movement is likely possible to the 38.2% pullback level at 1.2733 (red dotted line). Alternatively, from the level of 1.2622 (closing of Friday's daily candle), the price may move upward to the 61.8% pullback level at 1.2661 (yellow dotted line). If this level is reached, a downward movement is possible to the 23.6% pullback level at 1.2649 (red dotted line).


Analysis are provided by InstaForex.


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