GBPUSD consolidates gains
Updated
GBPUSD continues to maintain its upward momentum, trading around 1.2294 with an expected increase to 1.2400. The reasons for this upward trend may be attributed to the decrease in US bond yields and positive risk sentiment, weakening the USD and supporting GBP.
Sustaining this upward movement will likely push the currency pair towards a strong resistance level at 1.2293. By surpassing this resistance and building on the strong upward trend, the pair could potentially reach a high of 1.2585 USD.
Sustaining this upward movement will likely push the currency pair towards a strong resistance level at 1.2293. By surpassing this resistance and building on the strong upward trend, the pair could potentially reach a high of 1.2585 USD.
Trade active
Note
Please share your views below!Note
If you find the article interesting, please leave a like and follow to receive the latest updatesNote
Note
Note
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.