The GBPAUD keeps the positivity – Analysis – 20-6-2019

The kept its stability within the bullish channel, and it was affected by the strength of 1.8170 support line to start forming new bullish trades by reaching 1.8405, noting that the main stability within the bullish channel forms major factor to confirm the continuation of the positivity to keep waiting to touch the first target at 1.8725, and surpassing it might extend trades towards 1.9060 as a second target.

Stochastic attempt to exit the oversold areas confirms getting rid of the negative pressures, and increases the chances to gather new positive momentum to agree our bullish overview in the near term and medium term period.

The expected trading range for today is between 1.8200 and 1.8725

The expected trend for today: Bullish