The GBPUSD price awaits more decline - Forecast today - 29-03-2024
Economies.com
2024-03-29 01:42AM UTC
GBPUSD Price Analysis
Expected Scenario: Bearish Trend
- The GBPUSD price provided clear negative trades, approaching the awaited target at $1.2580.
- It returns to fluctuate around the $1.2620 level, awaiting negative momentum to resume.
- This would push the price to surpass the mentioned target and rally towards $1.2480 as the next target.
- The EMA50 continues to support the suggested bearish wave.
- This bearish scenario remains valid unless the price rallies to breach $1.2700 and holds above it.
Expected Trading Range for Today
- Support: $1.2530
- Resistance: $1.2690
Trend Forecast: Bearish
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