GbpUsd can rise to 1.22

٧ يوليو ٢٠٢٢

There is no question about it, the trend for GbpUsd is bearish. However, recently the price has dropped under 1.2 very important zone and correction could follow.
Looking at the 2h posted chart we can see that since mid-June buyers are entering the market in this zone and the last low can be in fact a false break.
GbpUsd back above 1.2 could accelerate gains and I'm bullish on short term this pair as long as yesterday's low is intact.