The GBPUSD price achieves the target - Forecast today - 19-04-2024

Economies.com
2024-04-19 04:20AM UTC

GBPUSD Price Analysis

  • The GBPUSD price opens today’s trading with clear decline to succeed achieving our first waited target at 1.2385$, falling under negative pressure that makes us suggest surpassing this level and open the way to continue the decline on the intraday and short-term basis, noting that the next station reaches 1.2265$.
  • Therefore, the bearish trend scenario will remain valid and active for the upcoming period, noting that breaching 1.2480$ will stop the bearish trend and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2300$ support and 1.2460$ resistance.

Trend forecast: Bearish

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