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The GBPUSD forecast update 12-09-2024
The GBPUSD price fluctuates at 1.3036$ support line and finds difficulty to break it until now, while the bearish trend scenario still active as long as 1.3124$ level remains intact, supported by the negative effect of the double top pattern, reminding you that our next targets reach 1.2965$ followed by 1.2894$ levels, waiting to gather negative momentum that assist to push the price to resume the suggested bearish wave.
The expected trading range for today is between 1.2955$ support and 1.3100$ resistance.
Trend forecast: Bearish
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The EURUSD price forecast update - 12-09-2024
The EURUSD price shows weak sideways trades since morning, waiting to get negative motive that push the price to resume the correctional bearish trend, which targets 1.0990$ followed by 1.0940$ levels as next negative stations, reminding you that the double top pattern has additional negative targets on the longer-term basis, while the bearish trend will remain valid and active unless breaching 1.1040$ followed by 1.1100$ levels and holding above them.
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