Pound Sterling Price News and Forecast: GBP/USD: Bulls eye a 38.2% Fibo in the 1.2120s
|GBP/USD Price Analysis: Bulls eye a 38.2% Fibo in the 1.2120s
As per the prior analysis, GBP/USD Price Analysis: Bulls moving in on the bear's break of 1.2090 structure, the price rallied in a continuation of the bullish correction into the Daily bearish impulse as outlined in the article. We are now in the throws of a bullish reversal of the New York session with targets for a second bullish close for the middle of the week's trade as the following will illustrate. Read More...
GBP/USD Price Analysis: Struggles to find acceptance above 1.2100 amid reviving USD demand
GBP/USD climbs to fresh weekly top, around 1.2100 mark amid notable USD supply
The GBP/USD pair builds on the overnight bounce from the vicinity of the 200-day SMA support and gains some follow-through traction for the second straight day on Wednesday. Spot prices climb to a fresh weekly high during the early part of the European session, with bulls now looking to extend the momentum further beyond the 1.2100 round-figure mark. Read More...
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