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The GBPUSD price hits the first target - Forecast today - 13-06-2024
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The GBPUSD price hits the first target - Forecast today - 13-06-2024
Jun 13, 2024 12:18 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price succeeded to achieve our first waited target at 1.2800$ and attempted to breach it, but faces clear negative pressure to move below it, affected by the RSI negativity, waiting to gather positive momentum that assists to push the price to resume the bullish trend that its next target reaches 1.2893$. The EMA50 supports the price from below to reinforce the chances of continuing the expected bullish trend, which will remain valid conditioned by the price stability above 1.2700$. Expected Trading Range Between 1.2710$ support and 1.2875$ resistance.

Trend Forecast: Bullish

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