financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD price consolidates above the support - Forecast today - 11-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPUSD price consolidates above the support - Forecast today - 11-06-2024
Jun 11, 2024 12:18 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price tested 1.2700$ and bounced bullishly from there, to keep the bullish trend scenario valid for the upcoming period, which targets 1.2800$ followed by 1.2893$ levels as next main stations. Breaching 1.2750$ will ease the mission of rallying towards the suggested targets, while breaking 1.2700$ represents negative factor that will force the price to turn to decline and head towards 1.2580$ areas on the near-term basis. Expected Trading Range Between 1.2660$ support and 1.2820$ resistance.

Trend Forecast: Bullish

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
The GBPUSD declines sharply alongside a bullish correctional trend line -Analysis-25-07-2025
The GBPUSD declines sharply alongside a bullish correctional trend line -Analysis-25-07-2025
Jul 25, 2025
The (GBPUSD) price declined sharply in its last intraday trading, amid the continuous attempts to look for a rising low to take as a base that might assist it to gain the required positive momentum to recover, amid the dominance of a bullish correctional wave on the short-term basis and its trading alongside a supportive bias line for this trend,...
The GBPUSD is attempting to correct the bearish trend -Analysis-30-07-2025
The GBPUSD is attempting to correct the bearish trend -Analysis-30-07-2025
Jul 29, 2025
The (GBPUSD) price rose in its last trading on the intraday levels, supported by the emergence if the positive signals on the (RSI), reaching overbought levels, which suggest ending the bullish momentum that assisted it to recover some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the main...
Sterling gives up two-week high before Bailey's testimony
Sterling gives up two-week high before Bailey's testimony
Jul 21, 2025
The British pound declined at the opening of the European market on Tuesday against a basket of global currencies, giving up a two-week high against the US dollar due to active profit-taking and investor caution ahead of the Bank of England Governor's testimony. Andrew Bailey is scheduled to testify on the Financial Stability Report before the Treasury Committee in London,...
The GBPUSD attempts to offload its oversold conditions -Analysis-28-07-2025
The GBPUSD attempts to offload its oversold conditions -Analysis-28-07-2025
Jul 27, 2025
The (GBPUSD) price witnessed fluctuated moves in its last intraday trading, to settle after a strong bearish wave that used it to break a bullish correctional trend on the short-term basis, surpassing its EMA50, facing intensive negative pressure on the price, on the other hand, we notice the emergence of the positive signals on the (RSI), after reaching oversold levels,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved