Advertisements
Home News GBPUSD Faces Resistance as Bearish Trend Persists

GBPUSD Faces Resistance as Bearish Trend Persists

by Barbara

The GBPUSD exchange rate is currently struggling to surpass the $1.2830 mark. For the price to break through this level and continue its downward trend, a negative catalyst is necessary. This bearish momentum is influenced by a recently completed double top pattern, with the next anticipated support level at $1.2780. Should the price fall below this support, it could potentially decline further to $1.2735.

Overall, the bearish trend is expected to continue unless the GBPUSD rallies and successfully breaks above $1.2880, followed by a sustained hold above $1.2945.

Advertisements
Advertisements

Today’s forecasted trading range is between $1.2770 on the downside and $1.2910 on the upside.

Advertisements

You may also like

Rckir is a comprehensive financial portal. The main columns include foreign exchange wealth management, futures wealth management, gold wealth management, stock wealth management, fund wealth management, insurance wealth management, trust wealth management, wealth management knowledge, etc.

【Contact us: [email protected]

© 2023 Copyright Rckir.com [[email protected]]