The GBPUSD price achieves more decline - Forecast today - 23-04-2024
Economies.com
2024-04-23 03:50AM UTC
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price experienced further downward movement yesterday, testing the 1.2300$ level.
- Temporary bullish sentiment, influenced by RSI positivity, is observed, but the overall bearish trend is expected to resume, targeting 1.2265$.
- The EMA50 continues to support the bearish outlook, which remains valid unless the price breaches 1.2385$ and sustains trading above it.
Expected Trading Range
Between the support at 1.2270$ and the resistance at 1.2420$
Trend Forecast: Bearish
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