Midday update for the GBPUSD 01-03-2024

Economies.com
2024-03-01 10:39AM UTC

The GBPUSD pair keeps its stability below 1.2650, to keep the correctional bearish trend valid for today, waiting to visit 1.2540 as a next main target.

 

The EMA50 meets the key resistance 1.2650 to add more strength to it and protect the suggested negative scenario, which will remain valid conditioned by the price stability below this level.

 

The expected trading range for today is between 1.2540 support and 1.2700 resistance.

 

The expected trend for today: Bearish

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