Midday update for the GBPUSD 16-03-2023

Economies.com
2023-03-16 10:12AM UTC

The GBPUSD pair provided positive trades in attempt to resume the bullish wave, but it returns to fluctuate around the EMA50, waiting to activate the positive effect of stochastic to rise towards our first target at 1.2260.

 

Therefore, the bullish trend scenario will remain active for today, and it needs to breach 1.2145 to reinforce the positive overview, reminding you that it is important to hold above 1.2060 to achieve the waited targets.

 

The expected trading range for today is between 1.2000 support and 1.2160 resistance.

 

The expected trend for today: Bullish

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