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EUR/CHF Remains in Bearish Territory: Forecast for December 10, 2024

The EUR/CHF currency pair continues to exhibit bearish momentum, maintaining its position below the main downward channel's resistance level of 0.9305. This trend suggests...
HomeFOREXGBP/USD Price Forecast – November 22, 2024

GBP/USD Price Forecast – November 22, 2024

The GBP/USD pair continues its downward trajectory, attempting to break the key support level of $1.2566. This movement strengthens expectations of a sustained bearish trend in the coming sessions, setting the stage for a potential decline toward the primary target of $1.2465.

Bearish Outlook Remains Firm

The bearish forecast remains in place for today, as long as the price stays below $1.2620. A breach of this level would negate the current downward pressure, potentially triggering a recovery and opening the way for a move toward $1.2730 in the near term.

Trading Range and Trend

Expected Trading Range: Between $1.2490 (support) and $1.2660 (resistance).

Trend Forecast: Bearish.

Traders should watch the $1.2566 level for signs of continued weakness while staying cautious of a potential reversal if $1.2620 is breached.

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