The GBPAUD settles above the support – Analysis – 25-4-2019

The GBPAUD price ended its negative rebound by providing clear positive stability above the bullish channel’s support at 1.8115 level, we notice the price begin to form some of the bullish trading, to reinforce the continuation of the positivity, to expect reaching 1.8745 by gathering a new positive momentum, then attempt to press on 1.9410 barrier.

Stochastic attempt to surpass the oversold level supports our bullish expectation by providing a new positive momentum, to confirm the stability of the trading within the bullish range until reaching the suggested targets.

The expected trading range for today is between 1.8280 and 1.8550

The expected trend for today: Bullish