The GBPUSD reaches the extended target - Analysis - 19-01-2023 Midday update for the GBPUSD 19-01-2023

The GBPUSD pair settles near 1.2340 since morning, and stochastic keeps gaining the positive momentum, waiting for resuming the bullish wave that its next main target reaches 1.2590, taking into consideration that breaking 1.2250 will stop the positive scenario and pushes the price to turn lower.

The expected trading range for today is between 1.2260 support and 1.2440 resistance.

The expected trend for today: Bullish