FX.co ★ dusty24 | GBP/USD

GBP/USD, Friday, April 17, 2026

The GBP/USD major currency pair yesterday appeared to correct lower, moving away from the higher area at 1.35931 due to the strengthening of the USD Index. This morning on the H4 timeframe, candles are still seen swinging downwards, being held at the dynamic EMA21 blue line support area located above the EMA50 purple line and EMA200 orange line. Meanwhile, the CCI14 indicator seems to be starting to rise, attempting to move out of the oversold zone. In general, the plan to SELL GBP/USD for today is still a profitable trading option, by placing a stop loss at the higher area of 1.35931 and a take profit target at the EMA200 support area at the price of 1.34000.