GBP/USD – Technical Overview, April 29
From a specialized viewpoint, any significant recuperation endeavor may now go up against some new supply close later bearish breakdown point, around the 1.2960-75 region, involving the significant 200-day SMA and a dropping triangle design support. A finish uptick may incite some extra short-covering move yet appears to be bound to stay topped close to a plunging pattern line obstruction (some portion of the slipping triangular arrangement), as of now close to the 1.30
On the other side, the 1.2900 round figure mark presently appears to ensure the prompt drawback, which whenever broken may quicken the slide towards the 1.2830 region. A finish offering can possibly keep hauling the pair further towards its next real help close to the 1.2775 region, stamping 61.8% Fibonacci retracement dimension of the 1.2395-1.3380 up-move.
GBP/USD ,Daily Analysis for April 29:
PENDING ORDER BUY GBP/USD @ 1.2943 SL: 1.2929 TP1: 1.2958 TP2: 1.2973 TP3: 1.2988
PENDING ORDER SELL GBP/USD @ 1.2925 SL: 1.2939 TP1: 1.2910 TP2: 1.2895 TP3: 1.2880