The market movements and fluctuations during this week are considered a normal activities due to many figures released along with high volume of Short and Long positions. As for today the GBPUSD is showing a short term upturn with the rally attacking the 1.2182 retracement resistance. A close over 1.2182 alerts for a larger emerging up drive to 1.2204. Any corrective dips will likely stabilize within Thursday’s accelerating upturn range, holding off the 1.2026 area.
Last Updated Date: 17 March 2023 @ 8:24 AM (UTC)
*Please note that all the dates are in GMT time zone