GBPUSD faces solid resistance – Analysis - 18-04-2018
Economies.com
2018-04-18 03:55AM UTC
The GBPUSD pair found difficulty to breach 1.4344 level yesterday, to show some slight bearish bias and settles around 1.4300, as the price is affected by stochastic negativity, waiting to get enough positive momentum to reinforce the chances of breaching the mentioned level followed by extending the bullish wave towards our next target at 1.4500.
The EMA50 keeps supporting the price from below, to keep the bullish trend valid on the intraday and short term basis conditioned by the price stability above 1.4195.
Expected trading range for today is between 1.4250 support and 1.4420 resistance.
Expected trend for today: Bullish
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