The GBPUSD forecast update 19-04-2024
Economies.com
2024-04-19 10:43AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price trades with clear positivity to approach testing the 1.2480$ level.
- As long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50.
- Breaking 1.2385$ is required to confirm extending the correctional bearish wave towards 1.2265$ as the next negative station.
Expected Trading Range
Between 1.2300$ support and 1.2480$ resistance.
Trend Forecast: Bearish
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