GBPUSD gets a positive motive – Analysis - 25-09-2017

The GBPUSD pair provided clear negative trading on last Friday to approach from the key support 1.3418, noticing that the EMA50 met the mentioned support to add more strength to it, while stochastic managed to get rid of its negativity and get the positive momentum now.

Therefore, these factors encourage us to keep our bullish overview on the intraday and short term basis, waiting to target 1.3690 followed by 1.3834 levels as next main stations, noting that breaking 1.3418 will push the price to extend its bearish correction and reach 1.3295 before any new attempt to rise.

Expected trading range for today is between 1.3450 support and 1.3630 resistance.

Expected trend for today: Bullish