23.04.2019 Chart of the Day – Both bulls and bears trying to control GBP/USD

Both bulls and bears trying to control GBP/USD

Today’s Key Highlights

The British Pound declined steadily recently below the 1.3080 support against the US Dollar.

GBP/USD traded below a major bullish trend line with support at 1.3070 on the daily chart.

The US Existing Home Sales in March 2019 declined 4.9% (MoM), more than the -2.3% forecast.

The US Housing Price Index in Feb 2019 could rise 0.3% (MoM), less than the last +0.6%.