Forecast for GBP / USD on April 22, 2019

GBP / USD pair

Since Friday, the pound sterling is trading on a narrow range of 1.2978-1.3012 (minimum of April 2). Given the holiday In the UK and Europe, more active trading can begin with the opening of the American session. On the daily chart of the instrument, the downward trend remains. There are no reversal signs. On the four-hour chart, the signal line of the leading oscillator marlin is moving up sharply. Perhaps, the price will go up from the local trading range but soon we are waiting for a return with an exit below its lower limit. The medium-term goal is retained as supporting the nested line in the price channel around 1.2832. A break through to this support and decrease in the range of 1.2772-1.2814 is possible.

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The material has been provided by InstaForex Company - www.instaforex.com

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