GBPUSD Forecast, April 2

Sellers are in near term control subsequent to having rejected an overnight move to the upside to test the 200-hour moving average. Since the UK parliament failed to settle on a majority option in indicative votes, that fact cemented a move lower from there on.

Price currently is moving back to the swing area between 1.3045-60. Despite the fact that the GBP is more fragile on the day, the poke lower in the GBPUSD pair is additionally helped by the fact that the USD stays firm. For the Sterling, the UK Cabinet will meet later on today to choose how to continue with Brexit. Upside levels in pair stay constrained by the key hourly MA above.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.