The GBPUSD is recovering - Analysis - 09-06-2023
Economies.com
2023-06-09 03:48AM UTC
The GBPUSD pair rallied upwards strongly yesterday to breach 1.2470 level and stop the bearish correction, on its way to regain the main bullish trend and head to achieve gains that start by visiting the recently recorded high at 1.2680.
On the other hand, we notice that the price completed forming double bottom pattern that its signs appear on the chart, to support the chances of surpassing the mentioned target and achieve more rise on the short term and medium-term basis.
Therefore, the bullish trend will be expected in the upcoming sessions unless breaking 1.2470 level and holding below it again.
The expected trading range for today is between 1.2470 support and 1.2650 resistance.
The expected trend for today: Bullish
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