The GBPUSD breaches the resistance - Analysis - 05-05-2022

2022-05-05 04:18:20 GMT (Economies.com)
 

The GBPUSD pair breached 1.2570 level strongly and settled above it, to turn to rise on the intraday basis, and we expect to achieve additional rises that start by testing 1.2670 and extend to 1.2750 after breaching the previous level.

 

Holding above 1.2570 is important to continue the expected positive scenario, as breaking it will stop the current bullish correction and press on the price to decline again.

 

The expected trading range for today is between 1.2540 support and 1.2690 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0535
0.0094
0.8994%
1.2293
0.0245
2.0329%
23.157
1.801
8.433%
81.475
7.046
9.467%
85.86
-1.02
1.17%
1795.560
45.085
2.576%
 
 
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