The GBPUSD price confirms the breach - Forecast today - 26-04-2024

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price settles above the 1.2480$ level, confirming the continuation of the bullish bias on the intraday basis.
• The initial target is set at 1.2580$, with the EMA50 supporting the price from below and reinforcing the chances of achieving more gains in the upcoming sessions.
• We suggest the continuation of the bullish bias conditioned by the price stability above 1.2480$.
• Breaking this level represents the key to resume the bearish track and head to visit 1.2385$ areas as a first negative station.

Expected Trading Range

Between the support at 1.2430$ and the resistance at 1.2590$.