GBP/USD Review, April 12-16, 2021
12 April 2021
The currency pair plunged last week and tested the lower side of the ascending channel. There were no important data releases last week and this downtrend was technical.
We expect the currency pair to resume its growth targeting 1.3846. If GBP/USD breaks it out, the currency pair is likely to target 1.4217.
