The GBPAUD hits the first target – Forecast today – 29-4-2024
Economies.com
2024-04-29 05:57AM UTC
GBPAUD Price Analysis
Expected Scenario
- The GBPAUD price started to form new negative waves to confirm its surrender to the previously suggested bearish track, suffering some losses by touching the first main target at 1.9050, while the MA55 forms additional barrier near 1.9245 in addition to stochastic reach to the oversold areas, allowing us to keep the bearish overview that might target additional negative stations soon that might extend towards 1.8925.
Expected Trading Range
Between 1.9125 and 1.8925
Trend Forecast: Bearish
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