The GBPAUD hits the first target – Forecast today – 29-4-2024

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