The GBPUSD stops the bearish correction - Analysis - 02-06-2023
Economies.com
2023-06-02 03:54AM UTC
The GBPUSD pair rallied upwards strongly yesterday to breach 1.2470 level and settles above it, which stops the correctional bearish scenario and lead the price to regain the main bullish trend again, on its way to achieve gains that start at 1.2630 followed by 1.2680.
Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 1.2470 will stop the bullish wave and push the price to return to the correctional bearish track again.
The expected trading range for today is between 1.2470 support and 1.2640 resistance.
The expected trend for today: Bullish
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