- GBP/USD bullish recovery from mid-March remains intact.
- GBP/USD faces an important resistance near 1.2400 figure.
GBP/USD daily chart
GBP/USD keeps consolidating in the 1.2300/1.2600 price zone while trading below the 100/200 SMAs on the daily chart but challenging the 50 SMA. Market players are going to shift their focus to the NFP numbers in the US.
GBP/USD four-hour chart
GBP/USD found support near 1.2300 while trading just below the main SMAs. Buyers want a continuation of the bullish recovery from mid-March and a break above the 1.2400 figure en route towards the 1.2500 and 1.2600 levels. Conversely, a daily close below 1.2300 can attract further selling interest.
Resistance: 1.2400, 1.2500, 1.2600
Support: 1.2300, 1.2400, 1.2300
Additional key levels
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