The GBPUSD forecast update 27-03-2024
2024-03-27 09:56AM UTC

GBPUSD Price Analysis

Expected Scenarios

  1. The GBPUSD price approached 1.2600$ barrier, showing some slight bullish bas now, affected by stochastic positivity.
  2. Waiting to resume the expected bearish wave for today, which is affected by the previously completed double top pattern.
  3. The expected targets begin by attacking 1.2580$ level to extend towards 1.2480$ as a next main station.

The continuation of the bearish wave depends on the price stability below 1.2700$ level, which breaching it represents the key to turn to rise and return to the main bullish track again.

Trading Range

The expected trading range for today is between 1.2540$ support and 1.2690$ resistance.

Trend forecast: Bearish

Forex and Currency News

Forex News


Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex News


US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
EUR/USD news


Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...

Forex Technical Analysis

EUR USD Analysis


The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
EUR GBP Analysis


The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...
EUR JPY Analysis


The EURJPY achieves some gains – Forecast today – 16-4-2024
2024-04-16 05:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair rallied upwards yesterday to ...