GBPUSD TECHS: Resumes Its Uptrend

• RES 4: 1.3434 High Sep 26 ‘24 and a key resistance   
• RES 3: 1.3305 High Oct 2 ‘24 
• RES 2: 1.3274 High Oct 3 ‘24
• RES 1: 1.3207 Intraday high   
• PRICE: 1.3169 @ 15:55 BST Apr 3
• SUP 1: 1.3015 High Mar 20 and a recent breakout level       
• SUP 2: 1.2902/1.2871 20-day EMA / Low Mar 27 and key support
• SUP 3: 1.2775 50-day EMA  
• SUP 4: 1.2679 Low Mar 4

Thursday’s gains GBPUSD have resulted in a break of resistance at 1.3015, the Mar 20 high, to confirm a resumption of the uptrend that started Jan 13. This maintains the bullish price sequence of higher highs and higher lows and note too that moving average studies remain in a bull-mode position, highlighting a dominant uptrend. Sights are on 1.3274 next, the Oct 3 ‘24 high. Key short-term support is at 1.2871, the Mar 27 low.