The GBPUSD forecast update 09-05-2024
Economies.com
2024-05-09 09:34AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price achieved initial break to 1.2480$ and closed the last four hours’ candlestick below it.
- Reinforcing the expectations of continuing the bearish trend domination for the rest of the day, paving the way to head towards 1.2385$ as a next negative station.
Expected Trading Range
Between 1.2400$ support and 1.2550$ resistance.
Trend Forecast: Bearish
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