The GBPUSD forecast update 12-04-2024
Economies.com
2024-04-12 10:53AM UTC
GBP/USD Pair Price Analysis
Expected Scenario
- The GBP/USD pair managed to touch our waited target at 1.2480$ and attempts to break it, to support the chances of achieving more bearish correction and pave the way to target 1.2385$ areas as a next main station.
- Therefore, we expect to witness more decline in the upcoming sessions, reminding you that it is important to hold below 1.2580$ to achieve the suggested targets.
Expected Trading Range
Between 1.2430$ support and 1.2550$ resistance.
Trend Forecast: Bearish
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