The GBPUSD resumes the rise - Analysis - 14-03-2023

Economies.com
2023-03-14 03:52AM UTC

The GBPUSD pair resumed its positive trades to test 1.2200 barrier, reinforcing the expectations of continuing the bullish trend, waiting for more rise to visit 1.2260 level that represents our next target.

 

The EMA50 supports the price from below, and surpassing the targeted level will push the price to 1.2440 as a next main station, while stochastic negativity might cause some temporary sideways fluctuation before rising again.

 

Holding above 1.2070 represents the first condition to continue the bullish wave, as breaking it represents negative factor that will press on the price to visit 1.1940 initially.

 

The expected trading range for today is between 1.2070 support and 1.2250 resistance.

 

The expected trend for today: Bullish

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