The GBPUSD price awaits confirmation signal - Forecast today - 25-04-2024

Expected Price Scenarios

• The GBPUSD price is showing positive trades and approaches the key resistance at 1.2480$.
• A positive pattern on the chart may assist in breaching this resistance and attempting to regain the main bullish trend.
• However, technical indicators provide negative signals hindering the rise.
• We maintain neutrality until the price breaches the resistance or breaks 1.2385$ to confirm the next trend.
• Breaking the resistance will push the price to achieve gains starting at 1.2580$, while breaking the support would signal the resumption of the bearish wave with the next target at 1.2265$.

The expected trading range for today is between 1.2375$ support and 1.2540$ resistance.

Trend Forecast: Neutral