GBPUSD gains the positive momentum – Analysis - 17-09-2018
Economies.com
2018-09-17 03:52AM UTC
The GBPUSD pair bounced bearishly after testing the intraday bullish channel’s resistance, but it provides slight bullish rebound signals now, noticing that stochastic shows clear oversold signals now, besides the positive overlapping signal on the four hours’ time frame, while the EMA50 continues to support the price from below.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which its next main target located at 1.3226, while holding above 1.2963 represents major condition to achieve the waited targets.
Expected trading range for today is between 1.3000 support and 1.3200 resistance.
Expected trend for today: Bullish
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