GBPUSD retests – Analysis - 19-07-2017
Economies.com
2017-07-19 03:34AM UTC
The GBPUSD pair settles around 1.3030 level since yesterday, and the price attempts to keep its stability above it, noticing that the EMA50 keeps supporting the price from below, while stochastic moves at the oversold areas.
Therefore, our bullish overview will remain valid for the upcoming period conditioned by holding above 1.3030, as breaking this level will push the price to test 1.2890 level before any new attempt to rise, while the price needs to breach 1.3100 level to confirm opening the way to head towards 1.3443 on the near term basis.
Expected trading range for today is between 1.2960 support and 1.3150 resistance.
Expected trend for today: Bullish
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