The GBPUSD price surpasses the resistance - Forecast today - 24-04-2024
Economies.com
2024-04-24 03:54AM UTC
GBPUSD Price Analysis
GBPUSD Scenario:
- The GBPUSD price rallied upwards clearly yesterday to breach 1.2385$ level and reach the thresholds of 1.2480$ level, to hint the attempt to return to the main bullish track again, but we notice that RSI approaches the overbought areas, while the EMA50 forms negative pressure against the price, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend.
- Note that the continuation of the rise and breaching 1.2480$ will lead the price to achieve more gains and target 1.2580$ as a next positive station, while breaking 1.2385$ will push the price to decline again and head towards 1.2265$ mainly.
Trading Range:
- The expected trading range for today is between 1.2370$ support and 1.2540$ resistance.
Trend forecast: Neutral
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