Midday update for the GBPUSD 07-02-2024
Economies.com
2024-02-07 10:33AM UTC
The GBPUSD pair trades with clear positivity to breach 1.2610 level and approaches the next key resistance at 1.2645, to hint heading to activate the positive scenario for the rest of the day, noting that surpassing the last level will push the price to achieve additional gains that reach 1.2765.
Therefore, we expect to witness more rise in the upcoming sessions unless the price returned to trade below 1.2610.
The expected trading range for today is between 1.2530 support and 1.2700 resistance.
The expected trend for today: Bullish for the rest of the day
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