GBPUSD Forex forecast for today – May 28, 2020

1.23511 proved to be a strong resistance level.

Price touched it, and it fell down.

We tested it again yesterday only for a moment before dropping down to wipe away the bullish move of Tuesday.

Let’s look at where next price will go to along the price levels of this week.

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GBPUSD forecast for today.

gbpusd daily forecast today 28 May 2020
Chart of the GBPUSD forecast for today, May 28, 2020

If yesterday’s move was a mere correction, then we may head to 1.23982 and 1.24824 resistance levels.

Alternative scenario

Sellers still have their eyes on the ball, hoping to move price to 1.20938, 1.20418, 1.20048, 1.19576 support levels.

Final remarks.

That’s it for today.

I would love to hear your thoughts on these forecasts – are they relevant or not?

Trade responsibly.

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