The GBPUSD forecast update 02-05-2024
Economies.com
2024-05-02 09:06AM UTC
GBPUSD Trading Report
The GBPUSD price shows weak trades since morning, settling above 1.2500$ barrier, thus, no change to the expected bullish trend for today, which targets 1.2580$ level as a next station, reminding you that breaching it will extend the bullish wave to reach 1.2700$, while holding above 1.2480$ represents key condition to the continuation of the expected rise.
The expected trading range for today is between 1.2460$ support and 1.2630$ resistance.
Trend forecast: Bullish
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