GBPUSD surpasses the moving average – Analysis - 08-01-2019

2019-01-08 04:59:22 GMT (Economies.com)
GBPUSD surpasses the moving average – Analysis - 08-01-2019
 

The GBPUSD pair provided more positive trading yesterday to surpass the EMA50 and attempts to hold above it, which supports the continuation of our bullish overview, targeting 1.2962 areas mainly.

 

The price might be forced for some temporary decline affected by stochastic negativity, waiting to get enough positive momentum to push the price towards the mentioned target, reminding you that the expected rise depends on the price stability above 1.2636.

 

Expected trading range for today is between 1.2680 support and 1.2850 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1301
-0.0025
0.2212%
1.3208
-0.0088
0.6600%
15.434
0.139
0.909%
58.869
0.486
0.833%
66.90
-0.94
1.39%
1313.235
10.925
0.839%
 
 
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