The GBPUSD keeps rising - Analysis - 05-12-2022
Economies.com
2022-12-05 04:45AM UTC
The GBPUSD pair continues to rise to surpass 1.2300 barrier and settles above it, to confirm the continuation of the bullish trend domination within the bullish channels that appear on the chart, and the way is open to achieve more gains and head towards the bullish channel’s resistance that rises now to 1.2465.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.2130.
The expected trading range for today is between 1.2260 support and 1.2440 resistance.
The expected trend for today: Bullish
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