The GBPUSD forecast update 26-04-2024

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price shows some slight bearish bias now, affected by the RSI negativity.
• Waiting to get positive motive that assist to push the price to resume the bullish wave.
• The next target is located at 1.2580$, taking into consideration that breaking 1.2480$ will stop the expected rise and push the price to decline again.

Expected Trading Range

Between 1.2430$ support and 1.2590$ resistance.