The GBPUSD hits the target - Analysis - 23-01-2023

The GBPUSD pair succeeded to touch our waited target at 1.2440 and attempts to breach it, to suggest extending the bullish wave within the bullish channel that has additional positive targets that reach 1.2590.

Therefore, the bullish trend scenario will remain valid for the upcoming period, noting that breaking 1.2340 will stop the expected rise and press on the price to achieve new bearish correction.

The expected trading range for today is between 1.2380 support and 1.2530 resistance.

The expected trend for today: Bullish