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The GBPUSD price tests the resistance again - Forecast today - 08-11-2024
The GBPUSD price continued to rise to test 1.3000$ level, noticing that this level consolidated well against the bullish rally, which keeps the chances valid to continue the correctional bearish trend, which its targets begin at 1.2866$ and extend to 1.2735$ after breaking the previous level.
The continuation of the bearish wave requires holding below 1.3000$, as breaching it will push the price to achieve additional gains and attempt to return to the main bullish track again.
The expected trading range for today is between 1.2880$ support and 1.3050$ resistance
Trend forecast: Bearish
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