The GBPUSD surpasses the second target - Analysis - 02-12-2022
Economies.com
2022-12-02 05:11AM UTC
The GBPUSD pair rallied upwards strongly to surpass our second target at 1.2200 and reach 1.2300 barrier, to confirm the continuation of the bullish trend domination in the upcoming period, waiting for more rise to visit the main bullish channel’s resistance around 1.2435.
The EMA50 continues to support the expected bullish wave, noting that breaking 1.2150 will press on the price to decline on the intraday basis and it might test 1.1980 areas before any new attempt to rise.
The expected trading range for today is between 1.2160 support and 1.2350 resistance.
The expected trend for today: Bullish
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