The GBPCAD tests the support – Forecast today – 25-3-2024
Economies.com
2024-03-25 05:20AM UTC
The GBPCAD pair touched the main bullish channel’s support line at 1.7075 during the recent correctional decline, to form solid obstacle against the attempt to move to the bearish track and notice forming quick bullish rebound to settle near 1.7145.
We notice the MA55 approach to the mentioned major support to confirm confining trades within the bullish track, allowing us to wait to gather the additional positive momentum and ease the mission of targeting many positive stations that might start at 1.7190 followed by reaching the next obstacle at 1.7245.
The expected trading range for today is between 1.7120 and 1.7190
Trend forecast: Bullish
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