GBP/USD Forecast. The pound gets a positive motive – 22-01-2024

forex_news_gbp_7The GBPUSD pair provides new positive trades now to support the continuation of the expected bullish trend for the upcoming period, which targets testing 1.2780 followed by 1.2825 levels as next main stations, noting that stochastic provides positive overlapping signal that supports the chances of continuing the expected rise.

On the other hand, we should note that breaking 1.2650 will stop the positive scenario and push the price to achieve additional bearish correctional on the intraday and short-term basis.

The expected trading range for today is between 1.2660 support and 1.2800 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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