The GBPUSD achieves the extended target and heads for more - Analysis - 28-07-2022
The GBPUSD pair rallied upwards strongly yesterday to succeed achieving our waited target at 1.2160, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that appears on the image, to head towards achieving more gains that reach 1.2300.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding above 1.2077 is important to achieve the waited targets.
The expected trading range for today is between 1.2100 support and 1.2270 resistance.
The expected trend for today: Bullish