financetom
Pound-Dollar
financetom
/
Forex
/
Pound-Dollar
/
The GBPUSD price surpasses the resistance - Forecast today - 24-04-2024
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
The GBPUSD price surpasses the resistance - Forecast today - 24-04-2024
Apr 24, 2024 12:14 AM

GBPUSD Price Analysis GBPUSD Scenario: The GBPUSD price rallied upwards clearly yesterday to breach 1.2385$ level and reach the thresholds of 1.2480$ level, to hint the attempt to return to the main bullish track again, but we notice that RSI approaches the overbought areas, while the EMA50 forms negative pressure against the price, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend. Note that the continuation of the rise and breaching 1.2480$ will lead the price to achieve more gains and target 1.2580$ as a next positive station, while breaking 1.2385$ will push the price to decline again and head towards 1.2265$ mainly. Trading Range: The expected trading range for today is between 1.2370$ support and 1.2540$ resistance. 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 >
GBPUSD shows negative behavior -Analysis-28-04-2025
GBPUSD shows negative behavior -Analysis-28-04-2025
May 25, 2025
The GBPUSD price declined in its recent intraday trading, to test the support of its EMA50, which provides temporary stability amid the dominance of a bearish correctional wave on a short- term basis. This performance came after the appearance of a reversing negative technical formation for the main bullish trend, which is the head and shoulders pattern, where the price...
GBPUSD attempts to offload its overbought conditions -Analysis-25-04-2025
GBPUSD attempts to offload its overbought conditions -Analysis-25-04-2025
May 25, 2025
The GBPUSD declined in its recent intraday trading, in a correctional move that targets catching breaths after an intraday bullish wave, the price attempts to offload the clear overbought condition in the (RSI), easing the way for regaining its positive momentum. This move comes amid the continuation of the trading above EMA50, which reinforces the chances for its recovery again...
GBPUSD receives positive push -Analysis-23-04-2025
GBPUSD receives positive push -Analysis-23-04-2025
May 25, 2025
the GBPUSD rose in its recent intraday trading, after it declined yesterday, attempting to look for a rising bottom to take it as a base that might help it to gain the required positive momentum to recover, to approach in its last trading from leaning on the support of the EMA50, which forms positive pressure that pushed the price to...
GBPUSD gets advantages from the support-Analysis-24-04-2025
GBPUSD gets advantages from the support-Analysis-24-04-2025
May 25, 2025
The GBPUSD rose in its last intraday trading, amid the price attempts to form rising low that might form a technical support base that help it to regain the required positive momentum to complete its bullish track. This rebound is supported by the price lean on the EMA50, which reinforces the chances for recovery, besides the continuation of the dominant...
Copyright 2023-2025 - www.financetom.com All Rights Reserved