GBPUSD resumes rising – Analysis - 31-01-2019
Economies.com
2019-01-31 05:15AM UTC
The GBPUSD pair’s recent decline stopped at 1.3055 level, to rebound upwards clearly and surpass 1.3126 level and settles above it now, which stops the negative possibility mentioned yesterday and push the price to regain the bullish track again, targeting testing 1.3226 level initially.
Therefore, the bullish trend will be expected for today unless the price failed to hold above 1.3126 level, noting that breaching the targeted level will extend the bullish wave to reach 1.3360 as a next main station.
Expected trading range for today is between 1.3050 support and 1.3226 resistance.
Expected trend for today: Bullish
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