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The GBPUSD forecast update 30-05-2024
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The GBPUSD forecast update 30-05-2024
May 30, 2024 3:51 AM

GBPUSD Price Analysis Expected Scenario The GBPUSD price shows positive trades and attempts to surpass 1.2700$ level, affected by the RSI negativity, and as we mentioned this morning, holding below this level keeps the bearish trend scenario active for today, which targets 1.2630$ followed by 1.2580$ levels mainly. Moving below the EMA50 supports the chances of continuing the suggested bearish trend, which will remain valid conditioned by the price stability below 1.2700$ - 1.2715$ levels. Expected Trading Range Between 1.2600$ support and 1.2750$ resistance.

Trend Forecast: Bearish

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