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The GBPUSD price resumes the rise - Forecast today - 06-06-2024
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The GBPUSD price resumes the rise - Forecast today - 06-06-2024
Jun 6, 2024 12:19 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price returns to rise after the weak fluctuation that it witnessed in the previous sessions, and attempts to surpass 1.2800$ barrier, reinforcing the expectations of continuing the bullish trend, which targets 1.2893$ as a next station. The EMA50 keeps supporting the suggested bullish wave, affected by the previously completed double bottom pattern, reminding you that the continuation of the bullish trend depends on the price stability above 1.2700$. Expected Trading Range Between 1.2730$ support and 1.2890$ resistance.

Trend Forecast: Bullish

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