GBP/USD. April 4th. The bears began to retreat, despite Powell's statements

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Technical analysis



Back
Technical analysis


GBP/USD. April 4th. The bears began to retreat, despite Powell's statements


On the hourly chart, the GBP/USD




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04.04.2024 10:53 AM






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04.04.2024 10:53 AM




On the hourly chart, the GBP/USD pair on Wednesday consolidated above the zone of 1.2584–1.2611, which allows us to count on the continuation of the British pound's rise towards the next resistance zone of 1.2705–1.2715. The "bearish" trend may be coming to an end as quotes consolidated above the descending trend corridor.The wave situation recently does not raise any questions. The last completed downward wave easily broke through the last low (from March 19th), while the new upward wave is




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