The GBPUSD needs strong positive motive - Analysis - 30-01-2023
4 months ago

The GBPUSD pair fluctuates within tight track since last Friday, settling above the EMA50 that forms good intraday support against the price, to keep our bullish overview that its targets start by breaching 1.2440 to open the way to head towards 1.2595.


On the other hand, we should note that breaking 1.2320 will push the price to achieve some intraday bearish correction before turning back to resume the main bullish trend again.


The expected trading range for today is between 1.2320 support and 1.2485 resistance.


The expected trend for today: Bullish

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