The GBPUSD forecast update 22-03-2024
Economies.com
2024-03-22 11:31AM UTC
The GBPUSD price managed to touch our waited target at 1.2580$ and attempts to break it, to hint heading to achieve more expected bearish correction in the upcoming sessions, paving the way to target 1.2480$ areas as a next negative station.
Therefore, the bearish trend will remain dominant on the intraday basis, noting that failing to confirm breaking 1.2580$ will lead the price to start recovery attempts and build bullish wave that its first target located at 1.2700$.
The expected trading range for today is between 1.2530$ support and 1.2650$ resistance.
Trend forecast: Bearish
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