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 price needs strong positive motive - Forecast today - 12-06-2024
The GBPUSD price needs strong positive motive - Forecast today - 12-06-2024
Jun 12, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price fluctuates around the EMA50 that forms good resistance against the price at 1.2750$, and the price needs to get strong positive motive that assist to surpass this level and open the way to achieve our waited positive targets, which start at 1.2800$ and extend to 1.2893$. Therefore, we will continue to suggest...
The GBPUSD price under the negative pressure - Forecast today - 10-06-2024
The GBPUSD price under the negative pressure - Forecast today - 10-06-2024
Jun 10, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows more bearish bias to keep approaching 1.2700$ level, noticing that the RSI gains the positive momentum, to support the chances of rising again and attempt to build new bullish wave on the intraday basis, making the bullish bias suggested for today, waiting to target 1.2800$ followed by 1.2893$ levels as next...
The GBPUSD price consolidates above the support - Forecast today - 11-06-2024
The GBPUSD price consolidates above the support - Forecast today - 11-06-2024
Jun 11, 2024
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...
Sterling moves to a two-week trough after UK labor data
Sterling moves to a two-week trough after UK labor data
Jun 11, 2024
Sterling declined in European trade on Tuesday against a basket of major rivals, resuming losses and almost touching two-week lows following UK labor data. The data shows the UK labor sector is loosening, in turn reducing pressures on the Bank of England and boosting the odds of a rate cut next week. The Price GBP/USD fell 0.15% to $1.2714, with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved