GBP/USD Forecast. The pound resumes the rise – 05-02-2025

gbp_cfd_1The GBPUSD price provided clear positive trades yesterday to move away from 1.2415$, reinforcing the expectations of continuing the correctional bullish trend, which its next target located at 1.2605$.

The EMA50 supports the suggested bullish wave, noting that breaking 1.2415$ will stop the positive scenario and push the price to attempt to return to the main bearish track again.

The expected trading range for today is between 1.2400$ support and 1.2565$ resistance

Trend forecast: Bullish

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