FX.co ★ GBPUSD analsysis for December 23, 2022 - Potential for the further growth

Technical analysis:

GBP/USD has been trading upside this morning and I found that there is the breakout of the resistance cluster, which is a good sign for further upside movement.

Trading recommendation:

Due to the breakout of the trading range to the upside this morning and strong upside momentum, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of 1.2125

Stochastic oscillator is showing fresh bull cross, which is good sign for further rally.

Key support is set at the price of 1.2025