financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD price keeps its negative stability - Forecast today - 29-10-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPUSD price keeps its negative stability - Forecast today - 29-10-2024
Nov 3, 2024 2:20 PM

The GBPUSD price tested 1.3000$ level again and kept its stability below it, which keeps our bearish overview valid, waiting to visit 50% Fibonacci correction level at 1.2866$ as a next main station, reminding you that breaching 1.3000$ will stop the bearish correction and push the price to regain the main bullish trend again.

The expected trading range for today is between 1.2880$ support and 1.3020$ 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 >
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...
The GBPUSD price tests the resistance - Forecast today - 25-06-2024
The GBPUSD price tests the resistance - Forecast today - 25-06-2024
Jun 25, 2024
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides more positive trades to test the key resistance 1.2700$, and the EMA50 meets this level to add more strength to it and keeps the chances valid to resume the bearish trend, to keep the negative scenario valid for the upcoming period, which its next target located at 1.2580$. Note that breaching...
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...
Copyright 2023-2025 - www.financetom.com All Rights Reserved