financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD price surpasses the resistance - Forecast today - 24-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPUSD price surpasses the resistance - Forecast today - 24-04-2024
Apr 24, 2024 12:14 AM

GBPUSD Price Analysis GBPUSD Scenario: The GBPUSD price rallied upwards clearly yesterday to breach 1.2385$ level and reach the thresholds of 1.2480$ level, to hint the attempt to return to the main bullish track again, but we notice that RSI approaches the overbought areas, while the EMA50 forms negative pressure against the price, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend. Note that the continuation of the rise and breaching 1.2480$ will lead the price to achieve more gains and target 1.2580$ as a next positive station, while breaking 1.2385$ will push the price to decline again and head towards 1.2265$ mainly. Trading Range: The expected trading range for today is between 1.2370$ support and 1.2540$ resistance. Trend forecast: Neutral

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 forecast update 21-03-2024
The GBPUSD forecast update 21-03-2024
Mar 26, 2024
The GBPUSD price shows some bearish bias now, while the EMA50 provides the positive support to the price, to keep our bullish overview unless breaking 1.2745$ followed by 1.2695$ levels and holding below them, reminding you that our next main target is located at 1.2880. The expected trading range for today is between 1.2730$ support and 1.2880$ resistance. Trend forecast:...
The GBPUSD forecast update 22-03-2024
The GBPUSD forecast update 22-03-2024
Mar 26, 2024
The GBPUSD price managed to touch our waited target at 1.2580$ and attempts to break it, to hint heading to achieve more expected bearish correction in the upcoming sessions, paving the way to target 1.2480$ areas as a next negative station. Therefore, the bearish trend will remain dominant on the intraday basis, noting that failing to confirm breaking 1.2580$ will...
The GBPUSD forecast update 20-03-2024
The GBPUSD forecast update 20-03-2024
Mar 26, 2024
The GBPUSD price trades negatively to approach testing the key support 1.2685, and as we mentioned this morning, this level represents one of the next trend keys besides 1.2765 resistance, as the price needs to surpass one of these levels to detect its next destination clearly, which keeps our neutrality valid until now. We remind you that the continuation of...
End of day GBPUSD price forecast update - 21-03-2024
End of day GBPUSD price forecast update - 21-03-2024
Mar 26, 2024
The GBPUSD price faces strong negative pressure to break 1.2695$ level and settles below it, opening the way to start bearish correction for the rise that started from 1.2070$ areas, noting that closing the day below the broken level will confirm the continuation of the bearish trend domination and head to visit 1.2580$ as a next correctional target. ...
Copyright 2023-2024 - www.financetom.com All Rights Reserved