The GBPUSD price begins negatively - Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
GBPUSD Price Analysis
Bearish Scenario
- The GBPUSD price opens today’s trading with calm decline.
- Hinting heading to resume the correctional bearish trend for the upcoming period.
- Gradually approaches our first waited target at 1.2580$.
- Breaking this level will push the price towards 1.2480$ as a next target.
- The bearish trend depends on the completion of the double top pattern.
- Supported by the negative pressure formed by the EMA50.
- Continuation of the bearish wave conditions by the price stability below 1.2700$.
Trading Range
The expected trading range for today is between 1.2530$ support and 1.2690$ resistance.
Trend forecast: Bearish
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