GBPUSD Daily Forex forecast – April 14, 2020

If you followed my GBPUSD forecast for yesterday April 13. 2020, then you noticed price went to the level we anticipated.

Price respects S/R levels. Respect them too.

Here is our daily GBPUSD forecast for today April 14. 2020

GBPUSD forecast for today

gbpusd dailyforecast-14-April -2020

As I write, price is sitting at the 1.2568 resistance level.

A continued move up should see the GBPUSD test 1.2622 or 1.2691 resistance levels.

But before it goes that far, there is a likelihood of a small retracement to 1.2555 or 1.2535

Either way, as long as price is above the weekly pivot and above the trendline, look for buying opportunities.

Alternative scenario

If the price falls below 1.2535 or crosses the trendline, there may be selling opportunities.

Scalpers can also look for selling opportunities when price touches the resistance levels.

Final thoughts.

That’s it for the daily GBPUSD forecast for today April 14, 2020.

Happy trading.

Need to try a new forex broker? Grab a $30 no deposit bonus from XM and Tickmill and trade risk-free. You can withdraw your profits.

#COVID-19 is real, be safe. #Trade safe and follow your rules. #forex #investment Click To Tweet

Leave a Comment

Are you SICK of loosing money and your mind trading?

Join traders like you and receive exclusive actionable trade ideas and resources that will help you extract money every day from the markets.