Category: Forex News, News

The GBPUSD price completes the negative pattern – Forecast today

By Published On: January 20, 20250.5 min readViews: 560 Comments on The GBPUSD price completes the negative pattern – Forecast today

The EURUSD didn’t show any strong move in the previous sessions, to continue fluctuating around the EMA50, and still bearish the main bearish trend line that appears on the chart, to continue suggesting the bearish trend for the upcoming period, waiting to test 1.0220$ initially, reminding you that breaking it will push the price towards 1.0100$ as a next negative station.

banner image

 

Note that breaching 1.0325$ will stop the expected decline and push the price to start bullish correction that its first target located at 1.0455$.

 

The expected trading range for today is between 1.0210$ support and 1.0350$ resistance

 

Trend forecast: Bearish



Source link

banner image

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment