The GBPSEK presses on the barrier – Analysis – 30-4-2019
Economies.com
2019-04-30 06:48AM UTC
The GBPSEK pair took advantage of the positive pressures by forming new bullish wave to press on 12.3050 barrier, while the price consolidation within the bullish channel allows us to wait to breach this barrier to increase the chances of achieving new positive targets that start at 12.4620 followed by 12.6435.
The above chart shows the moving average 55 fluctuation above the main bullish channel’s support line, located at 11.5900, besides stochastic rally above 50 level, all these factors agree the bullish overview by providing new positive momentum.
The expected trading range for today is between 12.1445 and 12.4620
The expected trend for today: Bullish
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