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GBP/USD Technical Analysis - 29/AprilBy Praful Patat 05:00 GMT GBPUSD retraced 38.2% (1.6625) of 1.6429 to 1.6745, extension 1.6830, 1.6940, possible going up side from here if break of 1.6717 resistance, otherwise continues retrace toward 1.6526, 1.6390. GBPUSD break of 1.6623 supports further going down side toward 1.6549 on intraday. GBPUSD break of 1.6774 resistance further going up side toward 1.6871 next targets, otherwise retrace. In GBPUSP minor support is at 1.6624. If GBPUSD will reverse from 1.6523, 1.6383 area, extension is at 1.6895, 1.7091. New High: 1.6688, 1.6750, 1.6693. New Low: 1.6563, 1.6625, 1.6568. Pivot Point: R3-1.6790, R2-1.6742, R1-1.6713, PP-1.6665, S1-1.6617, S2-1.6587, S3-1.6540.
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