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The GBPUSD forecast update 15-05-2024
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The GBPUSD forecast update 15-05-2024
May 15, 2024 3:36 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach the neckline of the double bottom pattern that appears on the chart, waiting to surpass this barrier to activate the positive effect of the mentioned pattern followed by rallying to achieve the expected targets that start at 1.2700$ and extend to 1.2800$. The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2580$. Expected Trading Range Between 1.2510$ support and 1.2680$ resistance.

Trend Forecast: Bullish

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