GBPUSD activates the positive scenario – Analysis - 14-03-2018
Economies.com
2018-03-14 04:54AM UTC
The GBPUSD pair achieved clear breach to the correctional bearish channel’s resistance and settled with a daily close above it, which activates the bullish trend scenario on the intraday and short term basis and hints that the bearish correction stopped at 23.6% Fibonacci areas, to head towards achieving positive targets that reach 1.4344 mainly.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by the EMA50, taking into consideration that breaking 1.3910 will push the price to test 1.3817 areas again before any new attempt to rise.
Expected trading range for today is between 1.3900 support and 1.4080 resistance.
Expected trend for today: Bullish
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