The GBPUSD resumes the rise - Analysis - 16-01-2023
Economies.com
2023-01-16 04:52AM UTC
The GBPUSD pair shows new positive trades to approach 1.2300 barrier, getting continuous positive support by the EMA50, to support the continuation of the expected bullish wave on the intraday and short term basis, which targets 1.2440 level as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 1.2150 is important to achieve the waited 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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