The GBPUSD forecast update 19-04-2024

Economies.com
2024-04-19 10:43AM UTC

GBPUSD Price Analysis

Expected Scenario

  • The GBPUSD price trades with clear positivity to approach testing the 1.2480$ level.
  • As long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50.
  • Breaking 1.2385$ is required to confirm extending the correctional bearish wave towards 1.2265$ as the next negative station.

Expected Trading Range

Between 1.2300$ support and 1.2480$ resistance.

Trend Forecast: Bearish

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