NEWS: GBPUSD price is increasing 1.0% following a weakening US dollar
Possible Scenarios:
If GBPUSD fails to breach through Reference Price of 1.34188, our Research Department expects the GBPUSD to undergo a short- term downward correction.
If GBPUSD manages to break above its Reference Price of 1.34188, our Research Department expects the GBPUSD to extend its gains to its R1 of 1.34615.
Support and Resistance Levels:
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.33120 |
1.33441 |
1.33761 |
1.34188 |
1.34615 |
1.34935 |
1.35256 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €87.77 |
(+/-) £74.57 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.13940
***GBP/USD = 1.34105
Calculations for exchange rate used as of Monday, April 28, 2025, 15:50 GMT+1