GBP/USD Forecast. The pound around the moving average – 26-01-2024

usd_gbp_news_2The GBPUSD pair returns to fluctuate around the EMA50, noticing that stochastic begins to provide positive signals on the intraday time frames, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 1.2825.

Breaching 1.2725 will provide good positive motive that reinforce the expectations to achieve the suggested target, reminding you that it is important to hold above 1.2650 to continue the bullish wave.

The expected trading range for today is between 1.2650 support and 1.2800 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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