GBPUSD achieves good gains – Analysis - 10-10-2018

2018-10-10 04:34:52 GMT (Economies.com)
GBPUSD achieves good gains – Analysis - 10-10-2018
 

The GBPUSD pair rallied upwards strongly yesterday after it kept the support base formed above 1.3050 level, to head towards our waited target at 1.3223, supported by the EMA50, to keep the bullish trend scenario valid for the upcoming period, noting that breaching the mentioned level will push the price towards 1.3300 as a next station.

 

On the other hand, we should note that breaking 1.3050 will stop the expected rise and push the price to test 1.2963 level initially.

 

Expected trading range for today is between 1.3070 support and 1.3260 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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