Midday update for the GBPUSD 20-03-2023

Economies.com
2023-03-20 10:42AM UTC

The GBPUSD pair shows calm positive trades to continue fluctuate near 1.2200 barrier, and the bullish trend still active depending on the price stability above 1.2060, reminding you that our next target is located at 1.2260.

 

Stochastic negativity interprets the reasons of the current weak fluctuation, waiting to get positive momentum that assists to push the price to resume the bullish wave and achieve additional gains that extend to 1.2440 after surpassing the first target.

 

The expected trading range for today is between 1.2110 support and 1.2270 resistance.

 

The expected trend for today: Bullish

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