The GBPUSD forecast update 25-04-2024
Economies.com
2024-04-25 09:42AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price rallies upwards strongly to breach 1.2480$ level and settles above it.
- This activates the bullish trend scenario in the upcoming sessions and opens the way to target 1.2580$ as a first station.
- Noting that breaching it will lead the price to achieve additional gains that reach 1.2700$ on the near-term basis.
Expected Trading Range
Between 1.2450$ support and 1.2580$ resistance.
Trend Forecast: Bullish
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