The GBPUSD forecast update 11-04-2024
Economies.com
2024-04-11 11:08AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD pair shows sideways trades since morning, and as long as the price is below 1.2580$, the bearish trend scenario will remain valid and active, which targets 1.2480$ followed by 1.2385$ levels as main negative stations.
- Holding below 1.2580$ is important to the continuation of the expected decline, as breaching it will stop the bearish correction and push the price to recover again.
Expected Trading Range
Between 1.2450$ support and 1.2610$ resistance.
Trend Forecast: Bearish
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