GBP/USD hits multi-day high above 1.2200
Updated
Join Darius on a journey through the market today. As Friday progresses, GBPUSD remains in an uptrend for the second day in a row, benefiting from the weakening US Dollar and currently trading at 1.2217.
Darius shares his personal opinion that this currency pair will experience a slight but insignificant price increase in the short term. However, it is important to note that in the long term, GBPUSD has yet to break free from its downtrend, indicating continued preference for selling among sellers.
If GU fails to sustain this increase, attention should be directed towards lower levels such as 1.206 or 1.195 as potential destinations.
Darius shares his personal opinion that this currency pair will experience a slight but insignificant price increase in the short term. However, it is important to note that in the long term, GBPUSD has yet to break free from its downtrend, indicating continued preference for selling among sellers.
If GU fails to sustain this increase, attention should be directed towards lower levels such as 1.206 or 1.195 as potential destinations.
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