GBPUSD approaches from the extended target – Analysis - 30-06-2017

The GBPUSD pair keeps rising to approach gradually from our next main waited target at 1.3100, to keep the bullish trend valid efficiently in the upcoming period, noting that breaching the mentioned level will push the price to extend its gains on the short term basis, to reach the next targets to 1.3290.

The price might have to show some sideways fluctuation affected by stochastic negativity until managing to get enough positive momentum to rally and breach 1.3100 level to head towards our extended targets, while in general, the expected rise will remain valid for today unless breaking 1.2890 level and holding below it.

Expected trading range for today is between 1.2965 support and 1.3120 resistance.

Expected trend for today: Bullish