GBPUSD shows mixed trades – Analysis - 16-01-2019
Economies.com
2019-01-16 05:22AM UTC
The GBPUSD pair bounced upwards strongly after the sharp decline that it witnessed yesterday and approached our expected negative target at 1.2636, to settle above 1.2800 barrier again, which keeps the main bullish trend scenario active for the upcoming period, waiting to visit 1.2962 level mainly.
Therefore, we are waiting for positive trading today conditioned by the price stability above 1.2800.
Expected trading range for today is between 1.2750 support and 1.2960 resistance.
Expected trend for today: Bullish
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