GBP/USD Price Analysis: Bulls target 1.2500 while front side of dynamic support

Market news

19 May 2023

GBP/USD Price Analysis: Bulls target 1.2500 while front side of dynamic support

GBP/USD bulls eye a continuation toward 1.2500.
Meanwhile, a correction could be on the cards.

As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves the outlook for next week´s initial balance weighted to the downside as the following illustrates:

GBP/USD prior analysis

GBP/USD live updates

So long as the trend line support holds up, with the break of structure to the upside, the bulls have eyes on the 1.2500 area.

Currencies. Daily history for Friday, May 19, 2023

Commodities. Daily history for Thursday, May 18, 2023

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