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GBPUSD WHERE’S NEXT MOVE? 11/04/2021

GBPUSD WHERE’S NEXT MOVE?

After having two weeks in a row rejecting 1.3750 made us think that is the time for gbpusd to reach 1.40 which is a significant area for these pairs but, the opposite happens. Last week candle closed as a bearish candlestick with good potential to go lower to 1.3500.

On the daily timeframe, we have a little support are at 1.3780 which is acting as support right now.

On Monday we might see a little push to the upside to 1.37400-500 for these pairs but, I believe that this will be only a re-test of this area and after that, we will potentially have shorts from these areas with first take profit to 1.36800 and after a break of this support, we can adjust it to 1.3600 and later to 1.35.

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