FX.co ★ Technical analysis and trading recommendations for the GBP / USD currency pair as of April 11, 2018

The GBP/USD currency pair reached the psychological level of 1.4000 and managed to deploy the movement, giving out the result of almost 200 points of the move. Now, we continue to watch the upward movement, keeping the "bullish" interest in the market. Probably, we can assume that there is a gradual increase in overheating of long positions and "bears" need a firm start point for correction. Here, we can work on having a level of 1.4240, showing us the recent local maximum.

Key Levels

Resistance - 1.4240 *; 1.4330; 1,4500

Support for 1.4100 *; 1.4000.

Draw your attention: Predictions are not a direct guide to action!