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Forex Strategy

GPB / USD Forecast Pound Dollar 04/08/2021


GPB / USD Forecast Pound Dollar 04/08/2021

To date, the indicator of the Pound / Dollar rate is moving as part of a correctional fall, at the moment the quotes are located at the level of 1.3776. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bulls have the advantage now.

Tomorrow, April 8, 2021, the GPB / USD rate will have the advantage of the bullish trend, this will be confirmed by testing near the level of 1.3855, after which it will remain in the uptrend. Forecasting price marks for the rate, which will be directed to the level of 1.3365, will follow from this level.

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Testing of such an upward trend will be testing of the support area, which will be complemented by a change in the direction of prices from the upper line of the descending trend channel. When passing through the resistance area, as well as when the price changes exceeding the level of 1.3855, one should notice the subsequent development of the upward direction, which will follow to the level of 1.3365.

However, one should not exclude the possibility of a downward trend in the quotes of the price level of the Pound to the US Dollar, which will result in the advantage of the “bears”. Also, in the future, a change in the price level will be expected with a decrease to the level of 1.3985. In the future, we should expect a fixation of a downward trend, after which a drop in quotations will follow near the level of 1.4255.

gbp usd
gbp usd

It should be noted that on tomorrow, April 8, 2021, the GPB / USD quotes will be tested at 1.3855, as a result of which the bulls will have the advantage. Further, the price level will develop in an upward direction and follow to the level of 1.3365, which will be confirmed by the test of the support area. However, one should not forget the likelihood of a downward trend on the next day, as a result, the Pound to the American Dollar rate will break through the 1.3965 mark. This time the bears will have the advantage and the price level will go to the level of 1.4255.

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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