The GBPUSD forecast update 19-03-2024
Economies.com
2024-03-19 09:29AM UTC
The GBPUSD price trades with clear negativity to reach the thresholds of the waited target at 1.2675, and we prefer to stay aside until the price confirms its situation according to this level followed by detecting its next destination clearly, reminding you that breaking it will push the price to suffer additional losses that reach 1.2600, while holding against the current negative pressure will push the price to rebound bullishly and achieve gains that start by testing 1.2775 levels.
The expected trading range for today is between 1.2630 support and 1.2790 resistance.
Trend forecast: Neutral
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