FX.co - GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play

2023-04-25T07:32:09

Relevance until2023-04-26

Technical analysis:

GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play

GBP/USD has been trading Upside in the background but this morning I found the pullback towards the support.

Due to the upside push yesterday and the bull side cycle, I see potential for the upside movement.

Upside objective is set at the price of 1.2539

MACD oscillator is showing upside reading, which is good sign for the further upside movement.

Intraday support is set at the price of 1.2450

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ GBPUSD analsysis for April 25 , 2023 - Upside continuation in the play