GBPUSD needs a new positive stimulus
Analysis of the price of the British pound against the dollar
Expected scenarios and trading range
The pound sterling price against the dollar stabilizes around the 1.2550 level, awaiting the resumption of the bullish wave to breach the $1.2580 level and confirm the continuation of the rise to achieve new gains up to 1.2624, supported by the 50 moving average that carries the price from below.
The bullish trend scenario will remain valid in the immediate term
Breaking 1.2480 will put the price under new negative pressure targeting the 1.2385 areas initially.
Expected trading range
Between support 1.2480 and resistance 1.2580
Expected scenarios and trading range
The pound sterling price against the dollar stabilizes around the 1.2550 level, awaiting the resumption of the bullish wave to breach the $1.2580 level and confirm the continuation of the rise to achieve new gains up to 1.2624, supported by the 50 moving average that carries the price from below.
The bullish trend scenario will remain valid in the immediate term
Breaking 1.2480 will put the price under new negative pressure targeting the 1.2385 areas initially.
Expected trading range
Between support 1.2480 and resistance 1.2580
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