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FX.co ★ GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play

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Forex Analysis:::2023-04-25T07:32:09

GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play

Technical analysis:

GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play

GBP/USD has been trading Upside in the background but this morning I found the pullback towards the support.

Due to the upside push yesterday and the bull side cycle, I see potential for the upside movement.

Upside objective is set at the price of 1.2539

MACD oscillator is showing upside reading, which is good sign for the further upside movement.

Intraday support is set at the price of 1.2450

Analyst InstaForex
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