GBP/USD moves on an upward trajectory near 1.2270
Hello traders!
GBP/USD continues its upward trend, starting from Thursday of last week, trading above the 1.2270 level in today's Asian trading session. This currency pair is receiving support from the correction of the US dollar (USD), along with improved risk sentiment.
On the chart: The sideways trend has been broken with a breakthrough at the current support level of 1.22, which will lead GBP/USD towards the resistance at 1.2322. If the price continues to hold steady above that level, the next target will be 1.2400.
GBP/USD continues its upward trend, starting from Thursday of last week, trading above the 1.2270 level in today's Asian trading session. This currency pair is receiving support from the correction of the US dollar (USD), along with improved risk sentiment.
On the chart: The sideways trend has been broken with a breakthrough at the current support level of 1.22, which will lead GBP/USD towards the resistance at 1.2322. If the price continues to hold steady above that level, the next target will be 1.2400.
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