GBPUSD rebounds bullishly – Analysis - 01-11-2018
Economies.com
2018-11-01 04:51AM UTC
The GBPUSD pair bounced upwards strongly yesterday after finding solid support at 1.2700, to breach 1.2775 level and opens the way to achieve more intraday gains to test the key resistance levels between 1.2920 and 1.2962.
Therefore, the bullish bias will be suggested for today, noting that we will be waiting for bearish rebound to resume the main bearish trend after touching the above mentioned targets, taking into consideration that breaking 1.2775 will stop the current rise and push the price to decline again.
Expected trading range for today is between 1.2775 support and 1.2962 resistance.
Expected trend for today: Bullish temporarily
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