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The GBPUSD forecast update 16-01-2025

By Published On: January 16, 20250.3 min readViews: 1060 Comments on The GBPUSD forecast update 16-01-2025

The EURUSD price didn’t show any strong move since this morning, to continue fluctuating around the EMA50, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.0325$, while its targets begin at 1.0220$ and extend to 1.0100$ after breaking the previous level.

 

The expected trading range for today is between 1.0200$ support and 1.0360$ resistance

 

Trend forecast: Bearish



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