GBPUSD breaches the resistance – Analysis - 07-12-2018

Economies.com
2018-12-07 04:42AM UTC

The GBPUSD pair breached 1.2730 level clearly and settled above it, to activate the positive scenario on the intraday basis, targeting heading towards 1.2962 mainly.

 

Therefore, the bullish bias will be suggested for today supported by stochastic positivity, unless breaking 1.2730 level and holding below it again.

 

Expected trading range for today is between 1.2700 support and 1.2900 resistance.

 

Expected trend for today: Bullish

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