Open Demo Account
Home / Market Update / Forex Market / GBP/USD expected to surge higher towards the 1.22/23 zone

GBP/USD expected to surge higher towards the 1.22/23 zone

Mohamed Abdelhamid 24 November, 2022 7:42 pm Forex Market, Market Update

The GBP/USD pair extends gains through the 1.20 area. Economists at Scotiabank expect Cable to test the 1.22/1.23 region.

Solid intraday trends are backing up a positive longer-term technical picture for the sterling. Clear and sustained gains of the pair through the 1.2000/50 zone this week put the sterling on course for an extension higher to test the 1.22/1.23 area.

The sterling’s 200-day MA stands at 1.2192 and figures as important resistance for the next few days ahead.

Tags

Check Also

Bitcoin Flatlines Near Annual Lows as Seven-Week ETF Outflow Streak Extends: CLARITY Act Could Be Coinbase’s Catalyst

Key Takeaways Bitcoin barely moves: The world’s largest crypto edged up 0.5% to $62,673.2, keeping …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends