The GBPUSD forecast update 30-04-2024
Economies.com
2024-04-30 09:23AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price trades negatively now to confirm the continuation of the bearish bias domination on the intraday basis.
- This targets testing 1.2480$ as a next main station.
- It is important to monitor the price when reaching the targeted level, as breaking it will push the price to suffer additional losses and head towards 1.2385$ as a next target.
- The expected decline will remain valid unless the price rallied to breach 1.2580$ and hold above it.
Expected Trading Range
Between the support at 1.2460$ and the resistance at 1.2600$.
Trend Forecast: Bearish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...