The GBPUSD resumes the rise - Analysis - 20-01-2023

The GBPUSD pair resumes its positive trading to approach 1.2440 level, and continues to move inside the bullish channel that supports the chances of breaching the mentioned level to open the way to head towards 1.2590 as a next station.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that it is important to hold above 1.2295 to continue the expected rise.

The expected trading range for today is between 1.2310 support and 1.2480 resistance.

The expected trend for today: Bullish