Last day of the Week, last trading day of the month.
Welcome to the last episode of our GBPUSD forecasts for the month of May.
We’ll jump right in.
GBPUSD forecast for today.
The bulls pulled price back around 1.23511 resistance level yesterday.
With resolve, they can take it to 1.23982 and 1.24824 resistance levels.
Bearish strength should see price gravitate to the weekly pivot.
With an eye for 1.20938, 1.20418, 1.20048, 1.19576 support levels.
As a Friday, especially the last trading day of the month, expect big moves.
Keep an eye for price at our week’s key target levels.
I would love to hear your thoughts on these forecasts – are they relevant or not?
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