The GBPUSD forecast update 18-03-2024
Economies.com
2024-03-18 09:17AM UTC
The GBPUSD price shows some slight bullish bias to approach the EMA50 that forms intraday resistance against the price, waiting to resume the negative trades within the bearish channel to achieve our main expected target at 1.2670.
Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.2805 and hold with a daily close above it.
The expected trading range for today is between 1.2650 support and 1.2790 resistance.
Trend forecast: Bearish
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