The GBPUSD gathers the positive momentum - Analysis - 15-03-2023

Economies.com
2023-03-15 04:14AM UTC

The GBPUSD pair continues to fluctuate within sideways and tight track since yesterday, noticing that stochastic gets rid of its negative momentum to approach the oversold areas, waiting to motive the price to resume the bullish trend that its next targets located at 1.2260 followed by 1.2440.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.2070 and holding below it.

 

The expected trading range for today is between 1.2100 support and 1.2280 resistance.

 

The expected trend for today: Bullish

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