In today’s Asian market session, the British Pound maintained stability against the US Dollar, hovering around the 1.2500 mark. Investors are positioning themselves cautiously in light of a quiet day on the UK economic calendar, with no significant data announcements expected.
Attention is instead turned towards the United States, where the release of the Personal Consumption Expenditures (PCE) Index data is highly anticipated. This measure is a key indicator of inflation, closely watched by the Federal Reserve and could significantly impact monetary policy decisions.
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Technical analysis
Time Frame: 1 hour
GBPUSD Support & Resistance Table – 26/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.2567 | Daily R2 |
| Resistance 1 | 1.2540 | Daily R1 |
| Support 1 | 1.2470 | Daily S1 |
| Support 2 | 1.2443 | Daily S2 |
GBPUSD Indicator Table – 26/04/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Sell |
| MACD( 12;26;9) | Buy |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Sell |
GBPUSD Indicator / Period Table – 26/04/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Buy | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| SMA 20 | Buy | Sell | Sell |
GBPUSD 26/04/2024 – Reference Price : 1.2502
| BUY | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (1) |
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