In the Asian trading session, the British Pound experienced a slight increase in value against the US Dollar, positioning itself above the 1.2500 mark.
Today, there are no notable economic announcements expected from the UK. Meanwhile, attention is focused on the United States, where the Services Purchasing Managers’ Index (PMI) data is slated for release.
Technical analysis
Time Frame: 1 hour
GBPUSD Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.2611 | Daily R2 |
| Resistance 1 | 1.2597 | Daily R1 |
| Support 1 | 1.2557 | Daily S1 |
| Support 2 | 1.2543 | Daily S2 |
GBPUSD Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
GBPUSD Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Sell | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Sell | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| SMA 20 | Sell | Sell | Sell |
GBPUSD 03/04/2024 – Reference Price : 1.2576
| SELL | Simple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (2) |