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17.04.202405:07 विदेशी मुद्रा विश्लेषण और समीक्षा: Forecast for GBP/USD on April 17, 2024

GBP/USD

After the pound fell below the target support at 1.2427 on Tuesday, this morning it is trying to consolidate below it. Such consolidation is particularly important at the moment, as the Marlin oscillator is trying to leave the upper half of its own descending channel, which could push the price to consolidate above the level of 1.2427. This would provide an opportunity for the price to correct higher so it can reach the 1.2530 area, where February support levels are located.

Exchange Rates 17.04.2024 analysis

Consolidation below 1.2427 will make it possible for the price to fall towards 1.2370. Next, the target range of 1.2287-1.2307 will come into play. On the 4-hour chart, the MACD indicator line (1.2510) acts as resistance for the bulls, noticeably below the resistance area of 1.2530. Perhaps the correction will not be as high.

Exchange Rates 17.04.2024 analysis

The price and the oscillator have formed a convergence. At the very least, consolidation above the level of 1.2427 is probable before the pound falls further.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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