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

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

Week (W)

Daily chart levels

Day (D1)

4 hour chart levels

4 hours (H4)

Hourly chart levels

1 hour (H1)

Possible movements (forecast)

GBP/USD Forecast (Daily)

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 "

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