Forecast for GBP/USD on April 12, 2019


On Thursday, the British pound fell by 34 points, as it overcame support for the MACD line of the daily and four-hour scales, but could not gain a foothold under it. Today in the Asian session, the price is already above these lines, but below the balance lines of these two graphs. The total technical pressure on the pound remains. We are waiting for the price to consolidate below the lines of daily and four-hour scales and a further decline towards the support of the price channel in the area of 1.2850.



The material has been provided by InstaForex Company -

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