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The GBPUSD price faces solid support - Forecast today - 07-11-2024
The GBPUSD price finds solid support at 1.2866$, to fluctuate within sideways track near this level, and we still expect the continuation of the correctional bearish trend in the upcoming sessions to achieve additional negative targets that reach 1.2735$, supported by the EMA50.
Holding below 1.3000$ is important to the continuation of the expected decline, as breaching it is considered as the first key to return to the main bullish track again and head to achieve gains that start at 1.3100$ followed by 1.3166$.
The expected trading range for today is between 1.2820$ support and 1.2980$ resistance
Trend forecast: Bearish
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