GBPUSD settles inside the channel – Analysis - 20-06-2016
Economies.com
2016-06-20 00:44AM UTC
The GBPUSD pair closed last week trading above the bullish channel’s support that appears in the image, which supports the continuation of the bullish trend on the short and medium term basis, opening the way towards 1.4900 then 1.5000 levels mainly.
Today’s trading opening with the rise that appears in the above chart reinforces the expectations for more of the positivity in the upcoming period, which make the bullish trend preferred conditioned by the daily close stability above 1.4335 level.
Expected trading range for today is between 1.4335 support and 1.4600 resistance.
Expected trend for today: Bullish
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