GBPUSD covers its losses – Analysis - 07-01-2019
Economies.com
2019-01-07 05:23AM UTC
The GBPUSD pair achieved strong gains on last Friday to cover the losses that it suffered in the previous day, as it ended trading above 1.2700 barrier, hinting the price head to keep rising in the upcoming period, targeting 1.2962 areas mainly.
Therefore, the bullish bias will be suggested on the intraday and short term basis unless breaking 1.2636 level and holding below it.
Expected trading range for today is between 1.2660 support and 1.2850 resistance.
Expected trend for today: Bullish
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