The GBPUSD crawls upwards - Analysis - 18-01-2023

Economies.com
4 months ago

The GBPUSD pair continues to rise calmly, organized inside the bullish channel that supports the chances of achieving our next waited target at 1.2440.

 

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1.2180.

 

The expected trading range for today is between 1.2210 support and 1.2380 resistance.

 

The expected trend for today: Bullish

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