GBPUSD presses on the support – Analysis - 04-12-2018

Economies.com
2018-12-04 05:13AM UTC

The GBPUSD pair attempted to break the key support 1.2730 but it returns to fluctuate above it now, which keeps the bullish trend scenario valid until now, supported by stochastic move near the oversold areas, waiting to target 1.2963 level mainly.

 

We remind you that breaking 1.2730 will push the price to test 1.2636 initially before determining the next short term trend.

 

Expected trading range for today is between 1.2660 support and 1.2840 resistance.

 

Expected trend for today: Bullish

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