GBPUSD Forex forecast for today – April 29, 2020

Price yesterday touched the 1.25197 level identified earlier.

And, like yesterday, we are waking up to bull dominated Asian session.

I am not sure how much further the pound will strengthen, but on the higher time frames, something is cooking that may signal a drop.

In the short term, we shall keep looking at the charts for opportunities.

GBPUSD forecast for today.

gbpusd daily -forecast-today-29-April -2020
Chart of the GBPUSD forecast for today, April 29, 2020

After hitting the 1.25197 level, there is a retracement and right now we may have ourselves a pullback.

If it is sustained, we’ll test 1.25197 again, and then try to reach 1.25608

Alternative scenario

On the other end, bears may try to take price back home and below the 1.2368 pivot level.

Final remarks.

I review the charts before the London open.

I post on the blog a few hours to the opening, because, I love to trade the first two hours before the london open.

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