GBPUSD breaches the resistance – Analysis - 08-10-2018

2018-10-08 05:37:24 GMT (Economies.com)
GBPUSD breaches the resistance – Analysis - 08-10-2018
 

The GBPUSD pair rallied upwards strongly to breach 1.3055 level and settles above it, noticing that the price breached the minor bearish channel’s resistance that appears on the chart, which forms positive motive that we expect to push the price to achieve gains in the upcoming sessions, targeting testing 1.3223 level mainly.

 

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, unless breaking 1.3065 level and holding below it.

 

Expected trading range for today is between 1.3065 support and 1.3223 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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