Midday update for the GBPUSD 05-12-2023

Economies.com
2023-12-05 10:35AM UTC

The GBPUSD pair fluctuates near the EMA50, and it keeps its stability above 1.2590 level, keeping the bullish trend scenario valid for today, supported by stochastics' positivity that appears clearly now, waiting for visiting 1.2720 level as a next main station, reminding you that breaking 1.2590 will turn the trend to the downside to head towards 1.2460 levels initially. 

 

 

 

The expected trading range for today is between 1.2570 support and 1.2720 resistance. 

 

 

 

The expected trend for today: Bullish 

 

 

 

 

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