GBP/USD Forecast. The pound gathers the positive momentum – Analysis 01-02-2024

gbp-l2The GBPUSD pair faced new negative pressure to approach 1.2645 level, noticing that the price begins today with slight bullish bias that hints heading to resume the expected bullish trend for the upcoming period, which targets 1.2825 as a next main station.

Stochastic attempts to gather the positive momentum to reinforce the chances to rise today, reminding you that it is important to hold above 1.2645 to achieve the waited targets.

The expected trading range for today is between 1.2620 support and 1.2780 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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