The GBPUSD forecast update 10-05-2024
Economies.com
2024-05-10 10:26AM UTC
Expected Trading Scenarios
- The GBPUSD price shows slight positive trades.
- It might head towards potential test to the key resistance 1.2580$.
- The bearish trend scenario still valid unless the price rallied to breach the mentioned resistance and hold above it.
- Expected targets begin at 1.2480$ and extend to 1.2385$ after breaking the previous level.
Expected Trading Range
- Support: 1.2430$
- Resistance: 1.2590$
Trend Forecast: Bearish
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