The GBPUSD price tests the resistance - Forecast today - 03-04-2024
2024-04-03 02:32AM UTC

GBPUSD Price Update

GBPUSD Analysis

  • The GBPUSD price keeps its stability below 1.2580$ level until now.
  • This keeps the correctional bearish trend valid for the upcoming period, targeting testing 1.2480$ as a next station.
  • The EMA50 keeps supporting the suggested bearish wave.
  • Waiting to activate the negative effect of the head and shoulders’ pattern that appears on the chart.
  • Continuation of the bearish trend depends on the price stability below 1.2580$.

Expected Trading Range for Today

  • Between 1.2480$ support and 1.2640$ resistance.

Trend Forecast: Bearish

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