GBPUSD pushes on the support – Analysis - 11-01-2018

The GBPUSD pair returns to test the key support 1.3505 after the positive attempts that it provided yesterday, and as we mentioned in our recent reports, holding above the mentioned level is important to continue the expected positive scenario, which its targets begin by breaching 1.3580 to activate the positive effect of the bullish pennant pattern followed by opening the way to head towards 1.3800 as a next station.

Therefore, the bullish trend will remain expected for the upcoming period conditioned by holding above 1.3505, as breaking this level will push the price to visit 1.3419 areas before any new attempt to rise.

Expected trading range for today is between 1.3420 support and 1.3600 resistance.

Expected trend for today: Bullish