The GBPUSD pair has maintained its upward trajectory, advancing towards the key milestone of 1.3000$. Despite a brief downturn influenced by RSI indicators showing bearish signals, market sentiment remains optimistic for a continuation of the uptrend. Analysts anticipate a resurgence in positive momentum, likely propelling the pair towards further gains, particularly targeting 1.3140$.
Market analysis supports a bullish outlook in the near term, bolstered by the EMA50 providing underlying support from below. However, a breach below the critical support level at 1.2890$ could introduce bearish pressures, potentially leading to initial tests at 1.2830$ and extending downwards to 1.2695$ before any potential recovery.
Today’s anticipated trading range is poised between 1.2900$ as support and 1.3060$ as resistance, reflecting ongoing market dynamics and investor sentiment.
