GBPUSD keeps the support base – Analysis - 08-01-2018
Economies.com
2018-01-08 04:54AM UTC
The GBPUSD pair keeps its stability above the bullish channel's support, to keep the bullish trend suggested in the upcoming period, supported by the EMA50 that carries the price from below, waiting to test 1.3618 level as a first station.
We remind you that breaching the mentioned level will extend the bullish wave to reach 1.3800 on the near term basis, while the price needs to hold above 1.3540 to keep the chances of continuing the expected rise.
Expected trading range for today is between 1.3500 support and 1.3650 resistance.
Expected trend for today: Bullish
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