The GBPUSD pair has successfully surpassed the anticipated target of 1.2890$, firmly establishing itself above this level and signaling a continuation of the bullish trend in the near term. Analysts suggest that with the next target set at 1.3000$, the upward momentum is expected to persist across both intraday and short-term periods.
Key indicators supporting this bullish outlook include the EMA50, which is currently providing upward support from below. However, caution is advised as a breach below 1.2890$ could trigger a temporary intraday correction, potentially testing support levels near 1.2800$ before any renewed upward movement.
For today’s trading sessions, experts anticipate a trading range bounded by support at 1.2840$ and resistance at 1.2990$. Investors and traders are advised to monitor these levels closely for further insights into market movements.
This development underscores the ongoing strength of the GBPUSD pair amid prevailing market conditions, highlighting potential opportunities for traders navigating the currency markets.
