The GBP/USD surpasses the new target – Analysis – 14/07/2023

gbp-l4The GBPUSD pair keeps rallying bullishly to surpass our waited target at 1.3080 and confirm opening the way to continue the rise, reminding you that our next station is located at 1.3200, and it might show some sideways fluctuation affected by stochastic negativity, waiting to get positive momentum that assist to push the price to achieve the waited targets.

Therefore, we will continue to suggest the bullish trend for the upcoming period, and breaching the mentioned level will push the price to 1.3295 as a next main target, while holding above 1.3090 represents key condition to achieve the waited targets.

The expected trading range for today is between 1.3070 support and 1.3220 resistance.

The expected trend for today: Bullish

Origin: Economies

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