The GBPUSD forecast update 11-06-2024

Economies.com
2024-06-11 09:21AM UTC

GBPUSD Price Analysis

Expected Scenario

  • The GBPUSD price shows some slight bearish bias to head towards new potential test to 1.2700$ level, and as long as the price is above this level, our bullish overview will remain valid for today, as breaking it will force the price to suffer intraday losses that reach 1.2580$, while the price needs to breach 1.2750$ to reinforce the chances of rallying towards 1.2800$ followed by 1.2893$ levels as next main targets.

Expected Trading Range

Between 1.2660$ support and 1.2820$ resistance.

Trend Forecast: Bullish

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