The GBPUSD forecast update 18-04-2024
Economies.com
2024-04-18 11:09AM UTC
GBP/USD Price Analysis
Expected Scenario
- The GBP/USD price is testing the 1.2480$ level.
- It needs to hold below this level to keep the bearish trend scenario active.
- Breaching it represents the key to start an intraday bullish wave targeting testing the 1.258$ areas initially.
Expected Outcome
The EMA50 continues to support the suggested bearish wave, reminding you that our waited target is located at 1.2385$.
Expected Trading Range
Between the 1.2380$ support and the 1.2540$ resistance.
Trend Forecast: Bearish
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