FX.co ★ dusty24 | GBP/USD

GBP/USD, Thursday 08 April 2026

The GBP/USD major currency pair on the sacred Wednesday managed to strengthen and create a new daily high at the price level of 1.34832, supported by the weakening of the USD Index. This morning on the H4 timeframe, a candle is seen swinging down to the price level of 1.33948, above the dynamic EMA200 orange line crossover area with the blue EMA21 and purple EMA50. Meanwhile, the CCI14 indicator still appears to be swinging down towards the neutral area around the zero line. Therefore, for trading BUY GBP/USD today, it remains a profitable choice by placing a stop loss at the support area of 1.33300 and a take profit target at the resistance area of 1.35000.