GBPUSD achieves the first target – Analysis - 17-07-2017
Economies.com
2017-07-17 03:21AM UTC
The GBPUSD pair rallied upwards strongly to succeed touching our first waited target at 1.3100 and settles there, noticing that the price closed last week above the mentioned level, which hints that the way is open to continue rising on the longer term basis, waiting to extend the bullish wave to target 1.3443 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions supported by the EMA50, noting that breaking 1.3030 might push the price to test the key support base 1.2890 before any new attempt to rise.
Expected trading range for today is between 1.3030 support and 1.3220 resistance.
Expected trend for today: Bullish
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