GBPUSD Forex forecast for today – May 11, 2020

The Monday after an NFP Friday is often liquid.

Welcome to another trading week.

With a low impact economic calendar, we expect a quiet trading day in either direction.

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GBPUSD forecast for today.

gbpusd daily -forecast-today-11-May-2020
Chart of the GBPUSD forecast for today, May 11, 2020

As I write, the charts are printing bullish candles.

If it continues that way, then here are the targets price will test.

1.24715, 1.25230, 1.25596, 1.26063

Alternative scenario

If we are to go to the downside, we should see price at 1.23049

Final remarks.

As we get into the London open, buyers need to consider the possibility of price coming to the daily pivot before it rallies up.

Hope you have yourself a great and profitable trading week.

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Happy trading.

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