GBPUSD negotiates the channel's support – Analysis - 18-08-2017
Economies.com
2017-08-18 04:10AM UTC
The GBPUSD pair fluctuates around the bullish channel's support line that appears on chart, noticing that stochastic gets rid of its negativity clearly to approach from the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again.
Therefore, our bullish overview will remain valid for the upcoming period, which depends on holding above 1.2847 mainly, waiting to breach 1.2927 level to ease the mission of heading towards our waited positive targets that start at 1.3007 and extend to 1.3106.
Expected trading range for today is between 1.2840 support and 1.3010 resistance.
Expected trend for today: Bullish
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