Midday update for the GBPUSD 18-01-2023

Economies.com
2023-01-18 11:12AM UTC

The GBPUSD pair shows additional positive trades to move away from the intraday bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by the EMA50 that carries the price from below, waiting to visit 1.2440 as a next main target, reminding you that it is important to hold above 1.2180 to continue the expected rise.

 

The expected trading range for today is between 1.2280 support and 1.2400 resistance.

 

The expected trend for today: Bullish

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