The GBPUSD price approaches the target - Forecast today - 17-04-2024
Economies.com
2024-04-17 03:33AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price provided new negative trades yesterday, as it approached our awaited target at 1.2385$, showing some slight bullish bias now, and it might head to test the key resistance 1.2480$ before turning back to decline again.
- Until now, the bearish trend scenario still dominates as long as the mentioned resistance remains intact, reminding you that breaking 1.2385$ will push the price towards 1.2265$ as the next main station.
Expected Trading Range
Between 1.2350$ support and 1.2500$ resistance.
Trend Forecast: Bearish
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