GBP/USD Recovery, Expected to Extend the Upward Momentum

OANDA:GBPUSD   British Pound / U.S. Dollar
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark.

Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected to reach 60, showing that the growth is being fueled and could develop strongly in the near future.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.