GBPUSD Daily Forex forecast – April 13, 2020

Welcome to another trading week.

Here is our daily GBPUSD forecast for today April 13. 2020

Trading accross all instruments is still heavily weighed down by the COVID-19 virus and untill the pandemic is tamed we are looking at eractic behavior in the market.

I can’t state enough, trade with caution in this season.

GBPUSD forecast for today

gbpusd dailyforecast-13-April -2020

In the 4-hour chart, we are above the weekly pivot, and close to the 1.2492 resistance level where the pair has tested multiple times.

If it breaks the resistance level, the most likely level it will test is at price 1.2568

Alternative scenario

Failure to break through upwards will cause it to fall back to the pivot level at 1.2369

Final thoughts.

That’s the daily forecast for the GBPUSD for today April 13, 2020.

Happy trading.

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