Hello dear friends! Today, GBP/USD is heading towards an upward price movement with a target of 1.2600. However, this currency pair is weighed down by cautious risk sentiment and the recovery of US treasury bond yields. The US dollar is weaker and the strong PMI of the UK helps alleviate the weakness compared to the US PMI.
In case this pair retraces below 1.2500, 1.2400 can be considered as the next support level for GBP/USD.
In case this pair retraces below 1.2500, 1.2400 can be considered as the next support level for GBP/USD.
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