GBPUSD under the negative pressure – Analysis - 28-07-2017
Economies.com
2017-07-28 04:19AM UTC
The GBPUSD pair traded with clear negativity yesterday's evening to settle below 1.3100, but it's still inside the minor bullish channel that appears on chart, noting that the EMA50 protects trading inside this channel, while stochastic reaches the oversold areas now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, noting that our next main target is located at 1.3445, while holding above 1.2990 represents key condition to continue the expected bullish trend.
Expected trading range for today is between 1.2990 support and 1.3200 resistance.
Expected trend for today: Bullish
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