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The GBPUSD price awaits the break – Forecast today

By Published On: January 17, 20250.4 min readViews: 290 Comments on The GBPUSD price awaits the break – Forecast today

The EURUSD price continues to fluctuate within tight range, and still around the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 1.0220$ to open the way to head towards 1.0100$.

 

We remind you that breaching 1.0325$ will stop the negative scenario to push the price towards starting bullish correction on the intraday basis.

 

The expected trading range for today is between 1.0210$ support and 1.0365$ resistance

 

Trend forecast: Bearish



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