GBPUSD keeps its positive stability – Analysis - 15-03-2018
Economies.com
2018-03-15 05:03AM UTC
The GBPUSD pair resumed its positive trading after retesting the previously breached resistance of the correctional bearish channel, to approach 1.4000 barrier now, which supports the continuation of our bullish overview in the upcoming period, reminding you that our next main target is located at 1.4344.
We should note that the continuation of the bullish trend depends on the stability above 1.3910 as a first condition, as breaking it might threat 23.6% Fibonacci correction level and put the price under the negative correctional pressure on the short term basis.
Expected trading range for today is between 1.3900 support and 1.4080 resistance.
Expected trend for today: Bullish
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