GBPUSD keeps the support base – Analysis - 06-12-2017
Economies.com
2017-12-06 04:58AM UTC
The GBPUSD pair attempted to break the bullish channel's support but it returns to settle above it again, which keeps the bullish trend scenario active until now, supported by the EMA50 that keeps carrying the price from below, waiting to head towards 1.3618 initially.
We should note that breaking 1.3395 will stop the expected rise and push the price to decline towards 1.3295 initially before any new attempt to rise.
Expected trading range for today is between 1.3350 support and 1.3550 resistance.
Expected trend for today: Bullish
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