GBPUSD confirms the breach – Analysis - 18-01-2019

Economies.com
2019-01-18 04:52AM UTC

The GBPUSD pair succeeded to confirm breaching 1.2962 level after closing the daily candlestick above it, which reinforces the expectations of extending the bullish wave on the short term basis, as our next target is located at 1.3070.

 

Therefore, we are waiting for more rise for today conditioned by the price stability above 1.2962 that represents the first condition to continue the suggested bullish bias.

 

Expected trading range for today is between 1.2900 support and 1.3070 resistance.

 

Expected trend for today: Bullish

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