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The GBPUSD price breaches the resistance - Forecast today - 31-05-2024
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The GBPUSD price breaches the resistance - Forecast today - 31-05-2024
May 31, 2024 12:17 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price traded with clear positivity yesterday to confirm breaching 1.2700$ level, which leads the price to build new bullish wave that targets visiting 1.2893$ areas mainly. Therefore, the bullish bias will be suggested in the upcoming sessions, noting that breaking 1.2700$ will stop the expected rise and push the price to turn to decline, to head towards 1.2630$ followed by 1.2580$ levels as initial negative stations. Expected Trading Range Between 1.2650$ support and 1.2800$ resistance.

Trend Forecast: Bullish

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