The GBPUSD resumes the rise - Analysis - 02-02-2023

Economies.com
2023-02-02 05:13AM UTC

The GBPUSD pair surpassed 1.2320 level and settled above it, to reactivate the bullish trend scenario again, targeting 1.2440 level initially, noting that breaching this level will push the price to 1.2595 areas as a next main station.

 

Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 1.2320.

 

The expected trading range for today is between 1.2320 support and 1.2480 resistance.

 

The expected trend for today: Bullish

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