The GBPUSD forecast update 22-11-2024

2024-11-22 09:00AM UTC

The GBPUSD price keeps declining to start the attempts to break 1.2566$ level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, paving the way to head towards our next main target that reaches 1.2465$.

Therefore, our bearish overview will remain valid for today, noting hat breaching 1.2620$ will stop the current negative pressure and push the price to recover and visit 1.2730$ levels on the near-term basis.

The expected trading range for today is between 1.2490$ support and 1.2660$ resistance

Trend forecast: Bearish