GBPUSD Daily Forex forecast – April 10, 2020

Here is our daily GBPUSD forecast for today April 10. 2020

Most banks are closed for the Good Friday public holiday.

This may have an effect on liquidity, so be aware.

What has proven reliable is price respects support resistance levels even during days when banks are closed.

In the lower time frame, keep these prices levels close to you as you trade today.

  • Daily pivot – 1.2432
  • Support – 1.2385
  • Resistance – 1.2508
  • Resistance – 1.2528
  • Resistance – 1.2555

GBPUSD forecast for today

gbpusd dailyforecast-10-April -2020

In the 4-hour chart, the GBPUSD bulls seem to hold fort.

If they continue, we can expect them to push price to 1.2569

Alternative scenario

If the bears pounce back, we should retest the weekly pivot – 1.2299 and probably head lower to 1.2196

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Final thoughts.

That’s the daily forecast for the GBPUSD for today April 10, 2020.

The public holiday and COVID will weigh on the market today. So only play when you are aware of the risks and adequately planned for them.

Play close attention as price approaches the price levels I shared earlier.

Happy trading.

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