FX.co ★ GBP/USD update for March 03, 2022 - Buyers in control

Technical analysis:

GBP/USD has been trading sideways at the price of 1,3385. Anyway, I see potential for the upside continuation due to yesterday's rally at the end of the day.

Trading recommendation:

Due to impulsive upside movement yesterday at the end of the day, I see potential for the upside continuation.

Watch for buying opportunities on the pullbacks with the upside objectives at 1,3435 and 1,3485.

Additionally, there is the breakout of the Pitchfork mean, which is another sign that buyers are in control.

Support is set at the price of 1,3362