The GBPUSD rallies bullishly - Analysis - 20-05-2022

2022-05-20 04:26:58 GMT (Economies.com)
 

The GBPUSD pair traded with strong positivity in the previous sessions to breach 1.2420 and reactivate the correctional bullish scenario again, to head towards achieving new gains that start by testing 1.2590 areas.

 

Therefore, we expect to witness additional positive trades in the upcoming sessions, noting that breaking 1.2420 will put the price under the negative pressure again, to head towards resuming the main bearish wave that its next target located at 1.2300.

 

The expected trading range for today is between 1.2380 support and 1.2540 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0171
-0.0048
0.4712%
1.2102
-0.0003
0.0240%
20.121
-0.129
0.639%
86.835
-0.426
0.488%
92.34
-2.76
2.90%
1774.850
-6.835
0.384%
 
 
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