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The GBPUSD forecast update 12-06-2024
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The GBPUSD forecast update 12-06-2024
Jun 12, 2024 4:00 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price resumes its positive trades to start breaching 1.2750$ level, reinforcing the expectations of continuing the bullish trend for the rest of the day, opening the way to head towards our targets that start at 1.2800$ followed by 1.2893$ levels, noting that breaking 1.2700$ will stop the expected rise and push the price to start a bearish wave that targets 1.2580$ areas mainly. Expected Trading Range Between 1.2660$ support and 1.2820$ resistance.

Trend Forecast: Bullish

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