GBPUSD

After our target of 1.2306 was seen in the GBPUSD parity, we witnessed a correction movement. The fact that the price is still holding above EMA20 in the 4-Hour view and has not yet lost momentum is positive. As long as it remains above 1.2265, we can expect positive movements to continue. Support: 1.2265 - 1.2182 Resistance: 1.2445