- 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.
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