The GBPUSD is recovering - Analysis - 26-01-2023

Economies.com
2023-01-26 05:11AM UTC

The GBPUSD pair traded with clear positivity yesterday to breach 1.2320 and settles above it again, to regain the main bullish track and approach our first suggested positive target at 1.2440, waiting to breach this level to open the way to head towards 1.2595 as a next main station.

 

Therefore, the bullish bias will be expected for today, noting that breaking 1.2320 will stop the positive scenario and put the price under the negative pressure on the intraday basis.

 

Advertistment

The expected trading range for today is between 1.2320 support and 1.2500 resistance.

 

The expected trend for today: Bullish

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