GBP/USD: Will the Bulls Sustain Momentum?
Hello everyone!
Currently, GBP/USD remains bid, heading towards the 1.2550 level with no signs of stopping as of Tuesday morning in Europe.
The pair's upward momentum is primarily driven by a generally subdued US dollar. However, further gains may be capped by mixed market sentiment as traders await key US data releases.
Looking ahead, on the 1-day (1D) timeframe, if GBP/USD fails to surpass the resistance near the 1.2800 level and the 34.89 EMA, the bearish momentum is likely to continue.
Wishing you all successful trades and abundant profits!
Currently, GBP/USD remains bid, heading towards the 1.2550 level with no signs of stopping as of Tuesday morning in Europe.
The pair's upward momentum is primarily driven by a generally subdued US dollar. However, further gains may be capped by mixed market sentiment as traders await key US data releases.
Looking ahead, on the 1-day (1D) timeframe, if GBP/USD fails to surpass the resistance near the 1.2800 level and the 34.89 EMA, the bearish momentum is likely to continue.
Wishing you all successful trades and abundant profits!
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✅Enter the Telegram channel to get more signals
✅8~9 VIP signals per day
✅2000pips profit per week
➡️Telegram: t.me/+xT2uUeadoeo1YTRl
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