GBPUSD tests the critical support – Analysis - 01-07-2016
Economies.com
2016-07-01 00:51AM UTC
The GBPUSD pair suffered strong losses yesterday to reach the critical support 1.3225, noticing that the price kept the daily close above it, which keeps the chances valid to resume the bullish trend suggested in our recent reports, supported by stochastic positivity that appears clearly on the daily time frame.
Therefore, we are waiting to head towards 1.3834 that represents the main target of the expected bullish wave, noting that breaking 1.3225 level will put the price under more negative pressure that its next target reach to psychological barrier at 1.3000.
Expected trading range for today is between 1.3100 support and 1.3500 resistance.
Expected trend for today: Bullish
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