GBPUSD buyers trying to make a push toward December highs ...Middle East

The GBPUSD buyers are trying to push the pair above a swing area and into more open space. Having said that, the buyers are "trying". The swing area is between 1.2723 and 1.2732 (see red numbered circles on the chart above). Looking at the chart above, there has been a number of spring highs and lows between that area going back to the end of November. Yes, the buyers tried the upside - more specifically on December 14 and 15th - and again this week on Tuesday, but momentum could not be sustained and the price eventually moved back lower. Today, the buyers are trying for the third time above that swing area. In the short-term, staying above is more bullish, and would have traders looking t

Hence then, the article about gbpusd buyers trying to make a push toward december highs was published today ( Friday 22/12/2023 - 06:53 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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