GBPUSD : Stable on high price

I'd like to extend a warm welcome to everyone at the start of this new trading week, hoping it brings you all smooth transactions and thrilling opportunities. Let's now explore the GBPUSD for today and discuss our strategy for the coming days!

At the moment, GBPUSD is showing a stable price level around 1.266, with a slight recovery of 0.08% today. This pair has shown a promising bounce back from the round number of 1.2600, marking a low from the past one and a half weeks, and has started to gather some upbeat momentum.

As for the trend: The overall movement of GBPUSD appears to be sideways, yet, in the short to medium term, it seems that the buyers are still in control, pushing the price up after retesting the 34, 89 EMA lines, and aiming higher.

My goal for this week is to see GBPUSD climb further, targeting two key levels at 1.270 and then 1.276. How about you, are you leaning towards a bullish or bearish trend?

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Комментарий:

Price continues Sideway and moves in the box with little fluctuations!