GBPUSD confirms the breach – Analysis - 14-07-2017

Economies.com
2017-07-14 02:59AM UTC

The GBPUSD pair confirmed completing the bullish flag pattern after ending yesterday's trading above its resistance line, to get positive motive that we are waiting to assist to push the price to continue rising in the upcoming period, which targets 1.3100 areas mainly.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, reminding you that holding above 1.2890 level represents key condition to continue the suggested bullish wave.

 

Expected trading range for today is between 1.2860 support and 1.3050 resistance.

 

Expected trend for today: Bullish

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