GBPUSD : Continue to recover in green
Hello dear friends !
Today GBPUSD continued its winning streak as it continued to advance with prices fluctuating around 1,276 and marking a recovery of 0.21% on the day.
Accordingly, the price increase of this currency pair is supported by a weaker US Dollar (USD) and improved risk-taking sentiment. Traders are waiting for the December US Consumer Price Index (CPI) for fresh impetus as GBPUSD will encounter resistance at 1,281 as well as 1,282.
In the short term, we will continue to prioritize Buying GBPUSD because this pair is still in the upward price channel.
And you, do you think GBPUSD will increase or decrease in price? Leave your comments!
Today GBPUSD continued its winning streak as it continued to advance with prices fluctuating around 1,276 and marking a recovery of 0.21% on the day.
Accordingly, the price increase of this currency pair is supported by a weaker US Dollar (USD) and improved risk-taking sentiment. Traders are waiting for the December US Consumer Price Index (CPI) for fresh impetus as GBPUSD will encounter resistance at 1,281 as well as 1,282.
In the short term, we will continue to prioritize Buying GBPUSD because this pair is still in the upward price channel.
And you, do you think GBPUSD will increase or decrease in price? Leave your comments!
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