The main strong levels for the GBP/USD pair (Actual for April 2020)

Let's consider the trading pair British Pound - American Dollar (GBP/USD), let's see the main strong levels on the weekly, daily, 4-hour and hourly charts. We also highlight important psychological marks.

Level designations

• Weekly TF levels are marked in Blue;
• Daily TF levels are marked in Yellow;
• 4-hour TF levels are marked in Red;
• Hourly TF levels are marked in Green.

Weekly chart levels

Daily chart levels

4 hour chart levels

Hourly chart levels

Possible movements (forecast)

In December 2019, the pair met a cluster of strong levels of senior TFs + a concentration of strong fibonacci levels that it could not overcome and fell heavily down.

We see the last two points (marked with yellow circles) in a narrowing channel, which the price has broken through and if there is a fixation, this will open the way higher to the indicated price levels.

A possible downside drawdown is marked in red.

You can download the template with levels (for MT4) link "