The GBPUSD forecast update 03-04-2024
2024-04-03 09:58AM UTC

GBPUSD Price Analysis

The GBPUSD price hovers around the 1.2580$ level and attempts to consolidate below it, to keep our bearish overview for today, supported by the negative pressure formed by the EMA50, waiting to visit 1.2480$ as the next main target.

  • On the other hand, we should note that breaching 1.2580$ and holding above it will stop the expected decline and push the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2480$ support and 1.2640$ resistance.

Trend forecast: Bearish

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