GBPUSD Price Analysis Expected Scenario The GBPUSD price broke below the $1.2385 level, indicating a continuation of the bearish trend. The next target is set at $1.2265. The EMA50 continues to exert negative pressure on the price. A failure to consolidate below $1.2385 and trading above it again may trigger intraday gains, targeting $1.2480. Expected Trading Range Between $1.2300 support...

GBPUSD Price Analysis The GBPUSD price opens todays trading with clear decline to succeed achieving our first waited target at 1.2385$, falling under negative pressure that makes us suggest surpassing this level and open the way to continue the decline on the intraday and short-term basis, noting that the next station reaches 1.2265$. Therefore, the bearish trend scenario will remain...

GBPUSD Price Analysis Expected Scenario The GBPUSD price provided new negative trades yesterday, as it approached our awaited target at 1.2385$, showing some slight bullish bias now, and it might head to test the key resistance 1.2480$ before turning back to decline again. Until now, the bearish trend scenario still dominates as long as the mentioned resistance remains intact, reminding...

Price Analysis: GBPUSD Expected Scenario The GBPUSD price returns to rise, approaching the 1.2480$ resistance line. The positive effect of the Relative Strength Index (RSI) persists, while the Exponential Moving Average 50 (EMA50) exerts continuous negative pressure against the price, keeping the chances valid to continue the correctional bearish trend, with its next target located at 1.2385$. Maintaining the bearish...