The GBPUSD price confirms the breach - Forecast today - 26-04-2024
Economies.com
2024-04-26 03:57AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price settles above the 1.2480$ level, confirming the continuation of the bullish bias on the intraday basis.
- The initial target is set at 1.2580$, with the EMA50 supporting the price from below and reinforcing the chances of achieving more gains in the upcoming sessions.
- We suggest the continuation of the bullish bias conditioned by the price stability above 1.2480$.
- Breaking this level represents the key to resume the bearish track and head to visit 1.2385$ areas as a first negative station.
Expected Trading Range
Between the support at 1.2430$ and the resistance at 1.2590$.
Trend Forecast: Bullish
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