The GBPUSD price breaks the support - Forecast today - 22-04-2024

Economies.com
2024-04-22 03:59AM UTC

GBPUSD Price Analysis

Expected Scenario

  • The GBPUSD price broke below the $1.2385 level, indicating a continuation of the bearish trend.
  • The next target is set at $1.2265.
  • The EMA50 continues to exert negative pressure on the price.
  • A failure to consolidate below $1.2385 and trading above it again may trigger intraday gains, targeting $1.2480.

Expected Trading Range

Between $1.2300 support and $1.2460 resistance.

Trend Forecast: Bearish

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