The GBPUSD price keeps its negative stability - Forecast today - 12-04-2024
Economies.com
2024-04-12 03:30AM UTC
GBPUSD Pair Analysis
Expected Scenario
- The GBPUSD pair tested the key resistance at 1.2580$ and bounced bearishly from there, indicating the continuation of the bearish trend for the upcoming period.
- The next negative target is the 50% Fibonacci correction level at 1.2480$.
- Moving below the EMA50 supports the continuation of the suggested bearish wave.
- Breaking the targeted level will extend the bearish wave to reach 1.2385$ as the next correctional level.
- The expected decline will remain valid unless breaching 1.2580$ and holding above it.
The expected trading range for today is between 1.2465$ support and 1.2610$ resistance.
Trend Forecast
Bearish
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