The GBPSEK activates the bullish track – Analysis – 17-1-2020
Economies.com
2020-01-17 09:15AM UTC
The GBPSEK pair formed strong positive rally yesterday to breach the bearish channel’s resistance at 12.3920, to activate forming new bullish channel as appears on the chart.
Also, stochastic reach to the overbought areas will increase the chances of forming bullish attack to expect moving towards 12.4630 followed by reaching 12.5090 resistance level soon.
The expected trading range for today is between 12.3965 and 12.4630
The expected trend for today: Bullish
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