FOREX OUTLOOK FOR 4TH APRIL 2021

 EURUSD Short Term: Downside favored

Time: 05-04-2021 04:30:0

Pivot: 1.1860

Technical View: Short position below 1.186. Target 1.17. Conversely, break above 1.186, to open 1.19.

Comments: The pair remains under pressure. Further weakness favored.

Key levels

1.1940

1.1900

1.1860

1.1770 Last Price

1.1700

1.1650

1.1600

GBPUSD Near Term: Upside favored

Time: 05-04-2021 04:00

Pivot: 1.3780

Technical View: Long position above 1.378. Target 1.388. Conversely, break below 1.378, to open 1.374.

Comments: The pair faces corrective pullback before fresh rally.

Key levels

1.3960

1.3920

1.3880

1.3836 Last Price

1.3780

1.3740

1.3700

USDJPY Near Term: Upside favored

Time: 05-04-2021 04:35:00

Pivot: 110.40

Technical View: Long position above 110.4. Target 111. Conversely, break below 110.4, to open 110.2.

Comments: The pair remains supported. Further advance favored.

Key levels

111.40

111.20

111.00

110.56 Last Price

110.40

110.20

110.00

GBPJPY Near Term: Upside favored

Time: 05-04-2021 04:37:00

Pivot: 152.00

Technical View: Long position above 152. Target 153.5. Conversely, break below 152, to open 151.5.

Comments: The pair remains supported. Further advance favored.

Key levels

154.50

154.00

153.50

152.99 Last Price

152.00

151.50

151.00

Recommended brokers for trading with please consider the following. 

1. FXTM 
2. Orbex.com
   
3. FXPrimus 
   
4. SuperForex

Trade online carefully, don't over leverage your positions, invest in forex with care, less greed and courage. 

STAY SAFE AND TRADE SMARTLY.

BEST OF REGARDS