The GBPUSD forecast update 30-04-2024
Economies.com
2024-04-30 09:23AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price trades negatively now to confirm the continuation of the bearish bias domination on the intraday basis.
- This targets testing 1.2480$ as a next main station.
- It is important to monitor the price when reaching the targeted level, as breaking it will push the price to suffer additional losses and head towards 1.2385$ as a next target.
- The expected decline will remain valid unless the price rallied to breach 1.2580$ and hold above it.
Expected Trading Range
Between the support at 1.2460$ and the resistance at 1.2600$.
Trend Forecast: Bearish
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