GBPUSD approaches the target – Analysis - 22-08-2018
Economies.com
2018-08-22 04:38AM UTC
The GBPUSD pair traded with strong positivity yesterday to approach our waited target at 1.2963, as it tests the bearish channel’s resistance that appears on the chart, and it keeps moving above the EMA50.
Therefore, we will continue to suggest the bullish bias in the upcoming sessions, noting that we expect a bearish rebound after touching the mentioned level to resume the main bearish trend, taking into consideration that breaching 1.2963 will lead the price to achieve more rise and turn the short term trend upwards.
Expected trading range for today is between 1.2820 support and 1.3000 resistance.
Expected trend for today: Bullish
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