GBPUSD Forex forecast for today – May 29, 2020

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.

Need a forex broker? Try Tickmill with a $30 no deposit bonus and eToro for US citizens.

GBPUSD forecast for today.

gbpusd daily forecast today 29 May 2020
Chart of the GBPUSD forecast for today, May 29, 2020

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.

Alternative scenario

Bearish strength should see price gravitate to the weekly pivot.

With an eye for 1.20938, 1.20418, 1.20048, 1.19576 support levels.

Final remarks.

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?

Trade responsibly.

Hit the bell icon on the bottom right of this page to subscribe for notifications and follow me on Twitter @thetraderinyou to be the first to know when an article like this is published.

Need to try a new forex broker? Grab a $30 no deposit bonus from XM and Tickmill and trade risk-free. You can withdraw your profits.

#COVID-19 is real, be safe. #Trade safe and follow your rules. #forex #investment Click To Tweet

Leave a Comment

Are you SICK of loosing money and your mind trading?

Join traders like you and receive exclusive actionable trade ideas and resources that will help you extract money every day from the markets.