Share:

• 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.