GBPUSD resumes rising – Analysis - 18-07-2017
Economies.com
2017-07-18 04:09AM UTC
The GBPUSD pair bounced bullishly after approaching from 1.3030 level yesterday, and the price gets clear positive signals through stochastic now, which forms positive motive that we are waiting to assist to push the price to breach 1.3100 level followed by confirming opening the way to extend the bullish wave towards our next target at 1.3443.
Therefore, the bullish trend scenario will remain dominant in the upcoming sessions supported by the EMA50, reminding you that breaking 1.3030 might push the price to test 1.2890 areas before any new attempt to rise.
Expected trading range for today is between 1.3030 support and 1.3220 resistance.
Expected trend for today: Bullish
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