The GBPUSD price tests the support base - Forecast today - 29-04-2024
Economies.com
2024-04-29 03:31AM UTC
GBPUSD Price Analysis
- The GBPUSD price tested 1.2480$ level and bounced bullishly from there, to resume the expected bullish wave on the intraday basis, which targets testing 1.2580$ as a first station.
- The EMA50 supports the expected rise, and breaching the targeted level will extend the bullish wave to reach 1.2700$, while holding above 1.2480$ represents key condition to achieve the suggested targets.
The expected trading range for today is between 1.2460$ support and 1.2610$ resistance.
Trend forecast: Bullish
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