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Buyers in the GBPUSD are making a play away from the 38.2% of the May trading range

The buyers in the GBPUSD are making a play to the upside from a technical perspective in trading today. The pair has been able to get above the 38.2% retracement of the May trading range at 1.24493. There was a dip after the ADP jobs report that took the price back toward that level but support buyers came in, and or forcing the price to new session highs.The next key target comes against the 50% midpoint of that May trading range at 1.24933. Get above that level and trays with target a another... Read More

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Content Topics

Buyers

Gbpusd

Making

Play

Away

From

38 Trading

Range

Forex

Posted: Jun 1 2023, 13:38

Author Name: forexlive

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