Analysis of the GBPUSD confirms the breach -12-09-2023

The GBPUSD pair closed yesterday above 1.2505 to confirm the intraday dominance of the bullish trend and to set up a new bullish target of 1.2625 as the next major station.

Given that breaking 1.2505 will end the favorable scenario and force the price to revert to the primary bearish track once more, the stochastic clearly sheds its negative momentum to support expectations that will climb in the following sessions.

The support and resistance levels for today's trading are 1.2450 and 1.2600, respectively.

Today's anticipated trend is bullish.