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The GBPUSD price achieves clear gains – Forecast today

By Published On: March 4, 20250.4 min readViews: 420 Comments on The GBPUSD price achieves clear gains – Forecast today

Bonk’s currency price returned lower in the intraday levels, confirming the breach of the pivotal support of $0.00001506, amid the dominance of the main downward trend in the short term, with negative pressure from trading below the 50-day SMA, while the price managed to vent off oversold saturation in the RSI. 

 

Therefore we expect more losses for the price, provided it settles below $0.00001506, targeting the support of $0.0000218.

 

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Trend forecast for today: Bearish 



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