The GBPUSD resumes the rise - Analysis - 17-03-2023

Economies.com
2023-03-17 04:17AM UTC

The GBPUSD pair returns to rise after leaning on the EMA50 in the previous sessions, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, waiting to breach 1.2145 to confirm opening the way to head towards our first target at 1.2260.

 

Therefore, the bullish trend will remain dominant on the intraday basis, and breaching the targeted level will push the price to 1.2440 as a next positive station, noting that breaking 1.2060 will put the price under intraday negative pressure that targets testing 1.1940 areas before any new positive attempt.

 

The expected trading range for today is between 1.2060 support and 1.2230 resistance.

 

The expected trend for today: Bullish

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