GBP/USD Forecast. The pound surpasses the target – Analysis 15-12-2023

usd_gbp_news_2The GBPUSD pair rallied upwards strongly yesterday to surpass our waited target at 1.2790 and settles above it, confirming opening the way to achieve more gains in the upcoming period, noting that the next station is located at 1.2880.

The bullish channel continues to organize the expected bullish wave, which gets good support by the EMA50, noting that the continuation of the bullish wave requires holding above 1.2720.

The expected trading range for today is between 1.2700 support and 1.2850 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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