What have the markets got for us today, April 15. 2020?
From the fundamental perspective, investors are still jittery over the corona pandemic.
But, if you’ve been looking at your charts, we’ve had a clean move in price as a result of interventions of central banks.
As the first line of defense in murky times as these, we expect central banks and governments to use every tool in their fiscal and monetary policy toolbox to keep businesses and citizens afloat.
From the technical side of things, the charts will tell the story.
Here is our daily GBPUSD forecast for today April 15. 2020
GBPUSD forecast for today
We tested the 1.2622 resistance level and now retracing.
If it is retracement we can expect the bulls to kick in between 1.2568 and 1.2586, then push price to 1.2691 resistance level.
Below 1.2568 we should start considering selling opportunities.
The most likely level price could reach is 1.2492.
Scalpers can also look for selling opportunities when price touches the resistance levels.
That’s it for the daily GBPUSD forecast for today April 15, 2020.
Note that these are conservative projections. In case there is a big move, expect prices to bounce around the support and resistance levels.
Broker spreads are still at their all time highs, so mind that as you trade.
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