The GBPUSD forecast update 27-03-2024

Economies.com
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

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