Paun British / Dolar A.S.
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GBPUSD: Recovery again?

Hello everyone, here!

Today, after a positive close for two consecutive days, GBP/USD has regained momentum and climbed above the 1.2500 level for the first time in nearly two weeks. The short-term technical outlook for this currency pair indicates an upward trend as it has successfully surpassed the resistance level at 1.248 and turned it into a new support level.

The price action currently shows a convergence between the two EMA lines and this support level, therefore, the outlook is aimed at higher levels, surpassing the resistance level at 1.256.

Wishing you all a happy weekend of trading!

Penafian

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