Midday update for the GBPUSD 25-05-2023
Economies.com
2023-05-25 10:16AM UTC
The GBPUSD pair trades positively after finding solid support at 1.2345 level, affected by stochastic positivity, waiting to get negative motive that assists to push the price to break the mentioned level and confirm opening the way to visit 1.2240 as a next correctional target.
We should note that the continuation of the rise and breaching 1.2385 will push the price to achieve additional gains and visit 1.2435 and might extend to 1.2470 before turning back to decline again.
The expected trading range for today is between 1.2260 support and 1.2400 resistance.
The expected trend for today: Bearish
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