FX.co ★ dusty24 | GBP/USD

GBP/USD, Tuesday, March 31, 2026

The bearish momentum on the GBP/USD major currency pair continues, creating a new daily low at 1.31597. Tonight on the H4 timeframe, a candle is seen swinging upwards towards the price level of 1.32057, approaching the dynamic resistance line of the blue EMA21 located below the purple EMA50 and the orange EMA200. Meanwhile, the CCI14 indicator appears to be starting to move upwards, leaving the oversold area. In general, choosing to trade BUY GBP/USD for tonight remains a profitable option, by placing a stop loss at the lower area of 1.31600 and a take profit target at the resistance area of 1.33600.