FX.co ★ dusty24 | GBP/USD

GBP/USD, Monday, April 6, 2026

The GBP/USD major currency pair slipped down last week, moving away from the higher area of 1.33300 due to the strengthening of the USD Index. This afternoon on the H4 timeframe, candles are seen starting to move up towards the price level of 1.32150, approaching the dynamic resistance area of the blue EMA21 below the purple EMA50 and the orange EMA200. Meanwhile, the CCI14 indicator appears to be moving sideways below the neutral area of the zero line. Therefore, for today's trading, choosing to BUY GBP/USD would be a profitable option, by placing a stop loss at the lower area of 1.31580 and a take profit target at the EMA200 resistance area at the price of 1.33500.