The GBPUSD resumes the rise - Analysis - 09-12-2022
Economies.com
2022-12-09 04:36AM UTC
The GBPUSD pair resumes its positive trading to approach from 1.2300 barrier, reinforcing the expectations for the main bullish trend continuation, waiting for testing 1.2345 level initially, followed by heading towards 1.2450 levels on the near-term basis.
Therefore, we will keep preferring the bullish trend in the upcoming period supported by the EMA50, being aware that holding above 1.2170 is important for achieving these targets.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
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