GBPUSD keeps the support base – Analysis - 05-11-2018
Economies.com
2018-11-05 04:58AM UTC
The GBPUSD pair tests the key support 1.2962 and kept its stability above it, accompanied by witnessing positive overlapping signal through stochastic, which forms positive motive that we are waiting to assist to push the price to resume the expected bullish trend for the upcoming period, which targets 1.3226 level as a next station.
The continuation of the suggested rise depends on the price stability above 1.2962, as breaking it will push the price to return to the main bearish track again, which its first main target located at 1.2800.
Expected trading range for today is between 1.2920 support and 1.3090 resistance.
Expected trend for today: Bullish
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