The GBPUSD price breaks the support - Forecast today - 22-04-2024
Economies.com
2024-04-22 03:59AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price broke below the $1.2385 level, indicating a continuation of the bearish trend.
- The next target is set at $1.2265.
- The EMA50 continues to exert negative pressure on the price.
- A failure to consolidate below $1.2385 and trading above it again may trigger intraday gains, targeting $1.2480.
Expected Trading Range
Between $1.2300 support and $1.2460 resistance.
Trend Forecast: Bearish
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