- GBP/USD bulls eye a continuation toward 1.2500.
- Meanwhile, a correction could be on the cards.
As per the prior analysis, GBP/USD Price Analysis: Bulls are lurking in demand area, the price has moved into key resistance and this leaves the outlook for next week´s initial balance weighted to the downside as the following illustrates:
GBP/USD prior analysis
GBP/USD live updates
So long as the trend line support holds up, with the break of structure to the upside, the bulls have eyes on the 1.2500 area.
This article was originally published by Fxstreet.com. Read the original article here.