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The GBPUSD forecast update 06-11-2024
The GBPUSD price succeeded to achieve our first waited target at 1.2866$ and presses negatively on it now, to support the expectations of continuing the domination of the bearish correction and head to visit 1.2735$ areas as a next negative station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that failing to confirm breaking 1.2866$ will push the price to attempt to achieve intraday gains and test 1.3000$ before any new attempt to decline.
The expected trading range for today is between 1.2800$ support and 1.3050$ resistance
Trend forecast: Bearish
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The EURUSD price forecast update - 06-11-2024
The EURUSD price broke 1.0760$ level clearly and achieved our first waited negative target at 1.0700$, reinforcing the expectations of continuing the domination of the bearish trend for the rest of the day, accompanied by coming to the end of the US elections and announcing Donald Trump win, reminding you that the next target reaches 1.0650$.
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