NEWS: GBPUSD price is falling 0.2%. The GBPUSD and all other USD pairs are falling due to higher than expected GDP Price Index data from the US.
Possible Scenarios:
If GBPUSD fails to breach through S1 of 1.24764, our Research Department expects the GBPUSD to undergo a short- term upward correction.
If GBPUSD manages to break below its S1 of 1.24764, our Research Department expects the GBPUSD to extend its losses to its S2 of 1.24513.
Support and Resistance Levels:
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.24261 |
1.24513 |
1.24764 |
1.25100 |
1.25436 |
1.25687 |
1.25939 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €93.3 |
(+/-) £79.97 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.07185
***GBP/USD = 1.25041
Calculations for exchange rate used as of Thursday, April 25, 2024, GMT 13:35h