GBP/USD | Break above or below the IFVG

  • April 2, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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By examining the 2H chart of GBPUSD we can see that after reaching and going through the March 9th NWOG Low and March 23rd NWOG High, GBPUSD started to drop from 1.3346 all the way to 1.3201! After dropping inside the IFVG (Inversion Fair Value Gap), it recovered a bit, now being traded at 1.3216.

I’d like to see GBPUSD go higher, retest the IFVG High and go through it, and the first target for it will be 1.3232. Then if it goes above this level, the next target is 1.3248. If it breaks this resistance as well, the final target will be 1.3264.

Targets: 1.3225, 1.3232, 1.3239, 1.3246, 1.3253 and 1.3260.

However, if it fails to go through the IFVG and drops below the Consequent Encroachment of the gap at 1.3210 and stabilizes there, further drop is expected, and the first support will be at 1.3199. If it breaks below this level as well, the next targets will be 1.3180 and then 1.3170.

Targets: 1.3207, 1.3200, 1.3193, 1.3186, 1.3179 and 1.3172.