GBPUSD consolidates gains
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GBPUSD continues to maintain its upward momentum, trading around 1.2294 with an expected increase to 1.2400. The reasons for this upward trend may be attributed to the decrease in US bond yields and positive risk sentiment, weakening the USD and supporting GBP.
Sustaining this upward movement will likely push the currency pair towards a strong resistance level at 1.2293. By surpassing this resistance and building on the strong upward trend, the pair could potentially reach a high of 1.2585 USD.
Sustaining this upward movement will likely push the currency pair towards a strong resistance level at 1.2293. By surpassing this resistance and building on the strong upward trend, the pair could potentially reach a high of 1.2585 USD.
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