GBPUSD returns to the channel – Analysis - 08-12-2017
Economies.com
2017-12-08 04:57AM UTC
The GBPUSD pair rallied upwards strongly after approaching our waited target yesterday at 1.3295, to breach 1.3419 level and returns to the bullish channel again, which leads the price to return to the main bullish trend, targeting visiting 1.3618 level as a next main station.
Therefore, the bullish trend will be expected in the upcoming sessions, taking into consideration that breaking 1.3419 will stop the suggested rise and push the price to decline again.
Expected trading range for today is between 1.3400 support and 1.3600 resistance.
Expected trend for today: Bullish
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