GBPUSD Daily Forex forecast – April 3, 2020

Today is the NFP day, the expected data looks bad for the USD, but will it make a dent on the GBPUSD that has been stuck in a range this week?

Here is a look at our GBPUSD daily forecasts for today, April 3. 2020.

Directional bias.

GBPUSD forecast april 3. 2020

Current price is at 1.23728 it is showing signs of going north to resistance level R61 1.2769 and beyond.

Alternative scenario

There is a high likelihood of a drop to the weekly pivot level of 1.2128

Final thoughts.

NFP Friday along with the thinning liquidity is bound to be a messy trading day.

Forex brokers are cutting down leverage while widening their spreads due to the market conditions, so stay alert and trade with caution.

COVID-19 is real, be safe. Trade safe and follow your rules.

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