GBPUSD is on a strong upward trend

24 de out. de 2023

According to the daily chart performance below, the price of the GBP/USD (GBP/USD) currency pair is still on a broad downtrend, and as mentioned above, stability around and below the 1.2150 support is likely to be stronger. It's possible. The bears aim to provide 1.2000 psychological support as soon as possible. Trading is quiet today due to the lack of important economic information from the UK and US on the economic calendar, but we expect investor sentiment and financial market trends to react accordingly. The strongest reaction to the movement of this currency pair. Meanwhile, during the same period, breaking the resistance levels at 1.2330 and 1.2450 was critical to breaking the downtrend for the entire currency pair.