GBPUSD: Extra gains appear likely near term

GBPUSD: Extra gains appear likely near term

The focus for the USD pairs today will be on the "ADP Employment Change" and "Fed's Chair Powell testifies"

Both of these news will be interpreted by the market about future expectations for a possible rate cut at the June FOMC meeting.

Technical Analysis:
The price broke out from a bullish pattern and it is pointing for further growth.
The news we have today should support the bullish move despite the risk that it has in front of these big events.
Targets:
1.2735 minor resistance zone
1.2760 key resistance zone
1.2800 key resistance zone

You may find further details in the chart!
Thank you and Good Luck!

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Comment:

Trade closed: target reached: