The GBPUSD forecast update 02-04-2024
2024-04-02 09:40AM UTC

GBPUSD Price Forecast

The GBPUSD price shows some bullish bias to test the key resistance 1.2580$, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend scenario active, affected by the head and shoulders’ pattern that appears on the chart, reminding you that our targets begin at 1.2480$ and extend to 1.2385$.

  • On the other hand, we should note that breaching 1.2580$ will stop the expected decline and push the price to build bullish wave on the intraday basis.

The expected trading range for today is between 1.2460$ support and 1.2600$ resistance.

Trend Forecast


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