GBP/USD
Dt- 9th Dec 2022
GBP/USD is doing a ping pong dance between 1.2100 and 1.2300 boundaries. Yesterday it made an impressive recovery after plunging to 1.2150 regions. It went as high as 1.2176 but since then it is down a bit.
Today is Friday and also news events like PPI and Prelim UoM Consumer sentiment might offer fresh impetus to its direction. Any bad news will aggravate the bearish run of USD and extend its weakness and conversely that will push GBP higher.
Disclaimer- Not financial advice.
GBP/USD
Weekly chart.
Date- 28th Dec 2022
Anything around 1.1900 regions is a buy call for me. The next target for GBP should be 1.2683. And we might see this level coming in the first quarter of 2023. Not financial advice.
Further down, there is a rock-solid support for GBP at 1.16773. And if GBP visits there it will be quickly bough to trade higher again.
Disclaimer- Not financial advice.