GBPUSD bounces from post Brexit lows

16 April 2021 | Updated: 16 April 2021

Key Support: 1.3654
Key Resistance: 1.40 – 1.420

The GBPUSD has been rallying since it bottomed at around 1.15 back in January 2020. The 1.3500 zone was a struggle for buyers since this level was the retest of the post Brexit lows break. Historically a KEY level.

In the shorter time frame price is trading inside a nice structured bullish move (blue channel) and we are trading above the weekly pivot. In order for us to have a long entry validity we need price to break with the monthly and the POC of the entire volume of the bull flag (white channel). Here and only here will the bullish continuation be valid.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!