GBPUSD gathers the positive momentum – Analysis - 21-02-2019
Economies.com
2019-02-21 05:16AM UTC
The GBPUSD pair fluctuates around 1.3050 level since yesterday, achieving some temporary bearish correction affected by stochastic negativity, noticing that the indicator gets rid of its negative momentum and approaches the oversold areas, waiting to motivate the price to resume the bullish bias in the upcoming sessions.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 1.2962, supported by the EMA50, reminding you that we are waiting to visit 1.3226 as a next main station.
The expected trading range for today is between 1.2980 support and 1.3150 resistance.
The expected trend for today: Bullish
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