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

Pound - US Dollar Analysis Technical analysis 03/04/2024

Time Frame: 1 hour

GBPUSD Support & Resistance Table – 03/04/2024

Support & ResistanceLevelExplanation
Resistance 21.2611Daily R2
Resistance 11.2597Daily R1
Support 11.2557Daily S1
Support 21.2543Daily S2

GBPUSD Indicator Table – 03/04/2024

SMA 20Sell
SMA 50Sell
SMA 100Sell
MACD( 12;26;9)Sell
RSI (14)Neutral
Stochastic ( 9;6;3)Sell

GBPUSD Indicator / Period Table – 03/04/2024

Indicator / PeriodDay – SellWeek – SellMonth – Sell
MACD( 12;26;9)SellBuySell
RSI (14)NeutralNeutralNeutral
SMA 20SellSellSell

GBPUSD 03/04/2024 – Reference Price : 1.2576

SELLSimple Moving AverageBuy (0)Sell (3)Technical Indicators – OscillatorsBuy (0)Sell (2)
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