GBPUSD 3.4.2025

Technical Analysis
Thursday, April 03, 2025 - 13:16
Point Trader Group

General Trend:

The price broke above the horizontal resistance at 1.3030 but fell back below it, suggesting a potential false breakout or upcoming correction.

Expected Scenario:

Bullish Scenario:

- Reclaiming 1.3030 may restore bullish momentum toward 1.3085 and 1.3160.

Bearish Scenario:

- Staying below 1.3030 could drive the price down to 1.2795.

- Breaking 1.2795 may deepen the move toward 1.2545.

Key Levels:

Resistances: 1.3030 – 1.3085 – 1.3160  

Supports: 1.2795 – 1.2545 – 1.2400

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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