GBPUSD needs the positive momentum – Analysis - 16-01-2018

Economies.com
2018-01-16 05:20AM UTC

The GBPUSD pair settles within tight track after touching 1.3800 level, and the price might witness more sideways fluctuation until managing to get rid of its negative momentum and gain enough positive momentum to push trading to continue the main bullish trend.

 

In general, we are keeping our overall bullish overview that gets continuous positive support by the EMA50, as our next main target is located at 1.4000, reminding you that holding above 1.3618 represents key condition to achieve the waited targets.

 

Expected trading range for today is between 1.3700 support and 1.3900 resistance.

 

Expected trend for today: Bullish

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