The GBPUSD price approaches the target - Forecast today - 03-05-2024
Economies.com
2024-05-03 03:36AM UTC
GBPUSD Price Analysis
- The GBPUSD price resumes the rise to approach the awaited target at 1.2580$.
- The potential exists to surpass this level and achieve additional gains up to 1.2700$, supported by the EMA50.
- Breaching 1.2580$ would complete forming a positive pattern with targets exceeding 1.2700$ to reach 1.2820$ areas.
We expect further rise in upcoming sessions unless the price breaks below 1.2480$ and holds below it.
The expected trading range for today is between 1.2480$ support and 1.2640$ resistance.
Trend forecast: Bullish
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