GPB / USD Forecast Pound Dollar 04/19/2021
On the final trading day, 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 1.3755. Movements are being made that exceed the cloud of the technical indicator Ichimoku and indicate that the bulls have the advantage now.
On Monday, April 19, 2021, the bearish trend will have an advantage in the GPB / USD rate, this will be confirmed by testing near the level of 1.4425, after which it will remain in the downtrend. Forecasting price marks for the rate, which will be directed to the level of 1.3595, 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 above the level of 1.3875, one should notice a subsequent fall in the upward direction, which will follow to the level of 1.2155.
However, one should not exclude the likelihood of an upward trend moving on the quotes of the price level of the Pound to the US Dollar, the consequence of which will be the advantage of the “bulls”. Also, in the future, a change in the price level will be expected with an increase to the level of 1.4425. In the future, we should expect the fixation of the upward direction, after which the quotes will fall near the level of 1.4935.
It should be noted that on Monday, April 19, 2021, the GPB / USD quotes will be tested at 1.3875, as a result of which the bears will have the advantage. Further, the price level will develop in a downward direction and will follow to the level of 1.2155, which will be confirmed by the test of the support area. However, one should not forget the likelihood of an upward trend on the next day, as a result, the rate of the Pound to the American Dollar will break through the level of 1.4425. This time the bulls will have the advantage and the price level will go to the level of 1.4935.