The GBPUSD price hits the first target - Forecast today - 25-03-2024
Economies.com
2024-03-25 02:43AM UTC
The GBPUSD price continues to fluctuate at 1.2580$ level, expecting to break this level to achieve additional correctional bearish targets on the intraday basis, affected by the double top pattern that its signs appear on the chart, which supports the continuation of the bearish trend domination in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend, taking int consideration that the consolidation of 1.2580$ level against the current negative pressure will push the price to attempt to achieve some gains and head to visit 1.2700$ initially.
The expected trading range for today is between 1.2500$ support and 1.2660$ resistance.
Trend forecast: Bearish
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