GBPUSD : attracts some buyers near 1.2700
Updated
Hello wonderful friends. Are you curious about the GBPUSD trend?
Today, this currency pair is still maintaining stability at a high price range of 1.269 - 1.270. The long-term upward trend is still supported as the EMA 34 effectively reverses, but there is still slight correction occurring with the continuous appearance of Doji candles indicating a slight decrease due to the recovery of the USD.
The current target for GBPUSD may test the support area at 1.260, and potentially even lower at the EMA 89 line with a support level of 1.252. Afterwards, the upward momentum will continue as the market believes that the Fed has completed interest rate hikes and reduced pressure significantly for this currency pair.
Today, this currency pair is still maintaining stability at a high price range of 1.269 - 1.270. The long-term upward trend is still supported as the EMA 34 effectively reverses, but there is still slight correction occurring with the continuous appearance of Doji candles indicating a slight decrease due to the recovery of the USD.
The current target for GBPUSD may test the support area at 1.260, and potentially even lower at the EMA 89 line with a support level of 1.252. Afterwards, the upward momentum will continue as the market believes that the Fed has completed interest rate hikes and reduced pressure significantly for this currency pair.
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