financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD price attempts negatively - Forecast today - 28-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPUSD price attempts negatively - Forecast today - 28-10-2024
Nov 3, 2024 1:06 PM

The GBPUSD price bounced bearishly after testing 1.3000$ level in the previous sessions, which supports the continuation of the expected bearish trend for the upcoming period, which targets 1.2866$ mainly.

Note that breaking the targeted level will extend the correctional bearish wave to reach 1.2735$ areas as a next negative station, while breaching 1.3000$ will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.

The expected trading range for today is between 1.2860$ support and 1.3010$ resistance

Trend forecast: Bearish

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 >
Sterling recovers after UK labor data
Sterling recovers after UK labor data
Oct 26, 2024
Odds of BOE rate cut in September recede Markets await UK growth data Sterling rose in European trade on Tuesday against a basket of major rivals, holding its ground above three-week lows against the US dollar following important UK labor data. The data confirms the resilience of the UK economy, and bolsters expectations the Bank of England will maintain interest...
The GBPUSD price keeps its negative stability - Forecast today - 26-06-2024
The GBPUSD price keeps its negative stability - Forecast today - 26-06-2024
Jun 26, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price settles below 1.2700$ level, to keep the bearish trend scenario active for the upcoming period, as the EMA50 meets the mentioned resistance to add more strength to it and support the expectations to decline today, waiting to visit 1.2580$ as a next main target. On the other hand, we should note that...
The GBPUSD price resumes the decline - Forecast today - 27-06-2024
The GBPUSD price resumes the decline - Forecast today - 27-06-2024
Jun 27, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price traded with clear negativity yesterday to approach 1.2600$ barrier, reinforcing the expectations of continuing the decline on the intraday basis, which targets 1.2580$ as a next station, noting that breaking this level will extend the bearish wave to reach 1.2480$. The EMA50 keeps pressing negatively on the price to reinforce the chances...
The GBPUSD forecast update 25-06-2024
The GBPUSD forecast update 25-06-2024
Jun 26, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows additional positive trades to attempt to breach 1.2700$ level, which urges caution from the upcoming trading, as continuing the rise and confirming the breach will push the price to turn to rise for the rest of the day and start bullish wave on the intraday basis. Consolidating below 1.2700$ keeps the...
Copyright 2023-2024 - www.financetom.com All Rights Reserved