FX.co ★ GBP/USD analysis for 04.28.2020 - Strong upside pressure and upward trend continues on the GBP/USD. Potential test of 1.2630

Corona virus summary:

Technical analysis:

GBP/USD has been upwards as I expected yesterday. There is the strong breakout of the 3-day balance in the background, which is strong sign for the upside movement.

Trading recommendation:

The progress since my yesterday position is good and my advice is to keep long positions towards the main targets at 1,2640 and 1,2730

Resistance levels are set at the price of 1,2638 and 1,2730

Support level is set at 1,2410.