GBPUSD: Uptrend remains the same
Welcome to a new week of promising and productive trading!
The GBP/USD pair is trading within a narrow range just above the 1.2700 level during the Asian trading session. This is an impressive move from the bulls, as they not only successfully defended the key support zone at 1.2690 but also pushed the GBP/USD price higher from this point onwards.
Given the current landscape, I anticipate that upcoming GDP figures will highlight the underlying policy differences between the Bank of England (BoE) and the Federal Reserve (Fed), providing short-term momentum for GBP/USD.
The GBP/USD pair is trading within a narrow range just above the 1.2700 level during the Asian trading session. This is an impressive move from the bulls, as they not only successfully defended the key support zone at 1.2690 but also pushed the GBP/USD price higher from this point onwards.
Given the current landscape, I anticipate that upcoming GDP figures will highlight the underlying policy differences between the Bank of England (BoE) and the Federal Reserve (Fed), providing short-term momentum for GBP/USD.
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