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The GBPUSD price approaches the target - Forecast today - 30-04-2024
GBPUSD Price Analysis
The GBPUSD price continued to rise, reaching a few pips away from our awaited target at 1.2580$. However, the price now shows bearish rebound signals, suggesting a decline in the upcoming sessions and heading to visit 1.2480$ mainly.
Therefore, a bearish trend will be expected for today, supported by the RSI negativity. Note that breaching 1.2580$ will lead the price to resume the bullish wave and achieve additional gains up to 1.2700$.
Expected Trading Range
- Support: 1.2460$
- Resistance: 1.2600$
Trend Forecast
Bearish
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