GBPUSD surpasses the first target – Analysis - 13-09-2017

The GBPUSD pair succeeded to confirm breaching 1.3266 level after closing the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the short term and medium term basis, organized inside the bullish channel that appears on chart, and the way is open to head towards our next target at 1.3445.

The EMA50 keeps supporting the suggested bullish wave, noting that holding above 1.3266 represents initial condition to continue the suggested rise, as breaking it will push the price to start bearish correction that its targets begin at 1.3100 and might extend to 1.3020 before any new attempt to rise.

Expected trading range for today is between 1.3240 support and 1.3400 resistance.

Expected trend for today: Bullish