On the technical side, GBP/USD has entered the overbought zone, suggesting chances of a bearish bias. Sterling is likely to find immediate support above 20, 25 and 50 periods EMA at 1.2260 area. Consider staying bullish above 1.2285 area with a target of around 1.2360.
On the technical side, GBP/USD has entered the overbought zone, suggesting chances of a bearish bias. Sterling is likely to find immediate support above 20, 25 and 50 periods EMA at 1.2260 area. Consider staying bullish above 1.2285 area with a target of around 1.2360.