GBP – Pound Sterling remains stable

As for the technical trend of GBP/USD, the chart shows that the RSI and stochastic index are stabilizing from the severe oversold area, and the exchange rate has temporarily stabilized above the 1.27 level, which is also near the 50-day moving average. It is expected that GBP/USD will continue to stabilize in the short term. It is expected that the resistance of the pound will be at 1.32 and 1.3280, and the next level will be 1.34 and 1.35. The supporting level will look at 1.3050 and 1.30, and then 1.2850 and the 50-day moving average of 1.2760.

Forecast range:
Resistance 1.3200 – 1.3280 – 1.3400 – 1.3500
Support 1.3050 – 1.3000 – 1.2850 – 1.2760

Focus:
Tuesday: Number of people claiming unemployment benefits in the UK in March (14:00)
Wednesday: UK March CPI (14:00)

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