The GBPUSD forecast update 28-03-2024

Economies.com
2024-03-28 10:19AM UTC

GBPUSD Trading Analysis

  1. The GBPUSD price shows calm bearish bias to gradually approach our first waited target at 1.2580$, and we suggest breaking this level to extend the correctional bearish wave towards 1.2480$ as a next main station.
  2. Therefore, the bearish trend will remain valid and dominant in the upcoming sessions, noting that breaching 1.2700$ will stop the expected decline and lead the price to turn to rise.

Expected Trading Range

  • Support: 1.2530$
  • Resistance: 1.2690$
Trend forecast: Bearish

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