The GBPUSD forecast update 17-04-2024
Economies.com
2024-04-17 09:24AM UTC
Trend Forecast for GBPUSD
Expected Scenario upon Testing the Key Resistance 1.2480$
- The GBPUSD price shows clear positive trades to test the key resistance 1.2480$.
- The price needs to hold below this level to keep the bearish trend scenario valid for today.
- Our target is set at 1.2385$ initially.
Expected Scenario in Case of Breaching 1.2480$
- Continuation of the rise and breaching 1.2480$ will lead the price to achieve additional gains.
- The target for the upward movement is 1.2580$ on the near-term basis.
Expected trading range for today: Between 1.2350$ support and 1.2500$ resistance.
Trend forecast: Bearish
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