Sterling Outlook: GBP/USD April Range Set on Support- Cable Levels 2021-04-12 20:00:00 Michael Boutros, Strategist Sterling Technical Price Outlook: GBP/USD Trade Levels Sterling technical trade level update – Daily & Intraday Charts GBP/USD carves April opening-range just above support– breakout to offer guidance Key support 1.346/75- near-term bearish invalidation 1.3824. Advertisement The British Pound is poised to snap a four-day losing streak against the US Dollar with GBP/USD rebounding off key technical support into the weekly open. The recovery may be short lived however as Sterling continues to trade within the confines of a multi-month downtrend. These are the updated targets and invalidation levels that matter on the GBP/USD price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling technical setup and more.