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GBPUSD consolidates gains

Libra esterlina/Dólar estadounidense (FX:GBPUSD)  
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FX:GBPUSD   Libra esterlina/Dólar estadounidense
Trend Analysis Harmonic Patterns Technical Indicators GBPUSD optionsstrategies intradaytrade Forex Technical Analysis signals longsetup
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GBPUSD continues to maintain its upward momentum, trading around 1.2294 with an expected increase to 1.2400. The reasons for this upward trend may be attributed to the decrease in US bond yields and positive risk sentiment, weakening the USD and supporting GBP.

Sustaining this upward movement will likely push the currency pair towards a strong resistance level at 1.2293. By surpassing this resistance and building on the strong upward trend, the pair could potentially reach a high of 1.2585 USD.
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