GBPUSD needs the positive momentum – Analysis - 08-11-2018
Economies.com
2018-11-08 05:07AM UTC
The GBPUSD pair shows some slight bearish bias after approaching 1.3200 barrier yesterday, noticing that stochastic gets rid of its negativity clearly to approach the oversold areas, waiting to get positive motive that supports the chances of resuming the rise in the upcoming sessions.
In general, we will continue to suggest the bullish trend supported by the EMA50 unless breaking 1.2962 level and holding below it, noting that our waited targets begin at 1.3226 followed by 1.3300.
Expected trading range for today is between 1.3060 support and 1.3240 resistance.
Expected trend for today: Bullish
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