First National Innovation Brokers GBPUSD Forecast April 04

[gregscript]

The GBPUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5050/00. Immediate resistance is seen around 1.5157 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.5200/50 but overall I still prefer a bearish scenario with sell on rallies strategy.

[Vingle]

@gregscript

The GBPUSD was indecisive yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5050/00. Immediate resistance is seen around 1.5157 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.5200/50 but overall I still prefer a bearish scenario with sell on rallies strategy.

I try a short OC 1.5770.

As the area between 1.5770 and 1.5780 is a real strength weekly by the cloud, the tenkan the Kijun. And span Laggin approach the cloud which also acts as resistance.