GBP/USD Forecast. Pound touches the recent high – 27-09-2024

gbp_news_cmc_forexThe GBPUSD price rallied upwards yesterday to touch 1.3429 level, noticing that the price finds solid resistance there, to show some temporary bearish bias, waiting to resume the positive trades to breach the mentioned level and open the way to visit 1.3500$ that represents our next main target.

The EMA50 supports the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 1.3325$.

The expected trading range for today is between 1.3310$ support and 1.3480$ resistance.

Trend forecast: Bullish

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