GBP/USD sticks to the topic limited scope

Samson greeted everyone with a warm hello! Last Friday, Samson expressed that there might be a potential increase in the GBP, surpassing the level of 1.2230. However, maintaining a stronghold above this level could prove to be challenging. Additionally, Samson emphasized that the main resistance at 1.2270 would be difficult to breach. Unfortunately, the actual price movement did not align with our predictions. In the New York market, the GBP initially dropped to its lowest point at 1.2107, but then quickly rose to its highest level at 1.2262. As a result, the future outlook is uncertain, and it is likely that the GBP will trade within a relatively wide range of 1.2130 to 1.2270 today.

At present, the price is trading at 1.2173 with an expected increase towards 1.2270. This upward trend will continue if this currency pair continues to receive strong support from the USD.

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