The GBPUSD price resumes the main bullish track - Forecast today - 21-03-2024
Economies.com
2024-03-21 03:32AM UTC
The GBPUSD price breached the bearish channel’s resistance line strongly to head towards resuming the main bullish trend, on its way to achieve positive targets that start at 1.2880$ and extend to test 1.3000$ barrier mainly.
Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 1.2745$ followed by 1.2695$ levels will stop the suggested bullish trend and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 1.2730$ support and 1.2880$ resistance.
Trend forecast: Bullish
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