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The GBPUSD price gets a positive close - Forecast today - 19-06-2024
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The GBPUSD price gets a positive close - Forecast today - 19-06-2024
Jun 19, 2024 12:18 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price ended yesterday above 1.2700$ level, hinting at a potential recovery, but faces negative pressure from the EMA50, which could lead to a decline. Therefore, it is preferable to stay aside until clearer signals for the next trend emerge. Continuation of the rise and breaching 1.2730$ will likely push the price to build a bullish wave targeting 1.2800$ followed by 1.2890$ levels as next positive stations. Conversely, breaking 1.2700$ could lead to new losses and a decline towards 1.2580$ in the near-term. Expected Trading Range for Today Between the support 1.2630$ and the resistance 1.2800$. Trend Forecast Neutral

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