GBP/USD Forecast. The pound begins to achieve the positive targets – 28-12-2023

com-l4The GBPUSD pair rallied upwards clearly yesterday to succeed achieving our first waited target at 1.2790, noticing that the price surpassed this level to confirm the continuation of the bullish trend domination in the upcoming period, and the way is open to head towards our next target at 1.2880.

The bullish channel continues to organize the suggested bullish wave, which gets good support by the EMA50, noting that holding above 1.2720 and 1.2680 levels is important to continue the expected rise.

The expected trading range for today is between 1.2750 support and 1.2900 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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