financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD price gets a positive close - Forecast today - 19-06-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

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 confirms the breach - Forecast today - 28-05-2024
The GBPUSD price confirms the breach - Forecast today - 28-05-2024
May 28, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallied upwards in the previous sessions, confirming the breach of the 1.2700$ level and establishing a bullish wave on the intraday and short-term basis. This movement is supported by the positive effect of the double bottom pattern visible on the chart, with targets extending up to 1.2893$. Expectations point towards further rise...
The GBPUSD price breaks the support - Forecast today - 24-05-2024
The GBPUSD price breaks the support - Forecast today - 24-05-2024
May 24, 2024
Price Analysis for GBPUSD Expected Scenario The GBPUSD price faced clear negative pressure yesterday, as it broke 1.2700$ and settled below it, to head towards potential turn to decline, on its way to test 1.2630$ followed by 1.2580$ levels as next main stations. Holding below 1.2700$ represents major condition to the continuation of the suggested bearish trend, as breaching it...
Sterling backs off two-month high after grim data
Sterling backs off two-month high after grim data
May 24, 2024
Sterling fell in European trade on Friday against a basket of major rivals, extending losses for the second day against the US dollar and moving away from two-month high on profit-taking, following grim UK data. Earlier UK data showed the economy might be shrinking faster than expected, which could prompt the Bank of England to accelerate plans to ease policies....
The GBPUSD price faces minor resistance - Forecast today - 29-05-2024
The GBPUSD price faces minor resistance - Forecast today - 29-05-2024
May 29, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price bounced bearishly after testing 1.2800$ barrier, to head towards potential test to the key support 1.2700$, noting that the EMA50 continues to provide the positive support to the price, to keep the main bullish trend scenario active for the upcoming period, which its next target located at 1.2893$. The positive effect of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved