Latest Articles

HomeLatestGBPUSD Price Awaits Confirmation Signal - Forecast for June 20, 2024
Advertisements

GBPUSD Price Awaits Confirmation Signal – Forecast for June 20, 2024

Current Situation

Advertisements

The GBPUSD pair remains confined within a narrow range, oscillating between a support level at $1.2700 and a resistance level at $1.2730. As of yesterday, the price has yet to break through either of these levels, leaving the market direction uncertain and maintaining a neutral outlook.

Advertisements

Key Levels and Targets

Advertisements

A break below the $1.2700 support will likely exert downward pressure on the pair, with the next significant target at $1.2580. Conversely, a move above the $1.2730 resistance would indicate the beginning of a bullish trend, with initial targets at $1.2800 and potentially extending to $1.2890.

Expected Trading Range

For today, the expected trading range for GBPUSD is between the $1.2630 support and the $1.2800 resistance.

Trend Forecast: Neutral

Related topics:

Advertisements
Advertisements