GBPUSD surpasses the resistance – Analysis - 12-10-2018

2018-10-12 04:09:43 GMT (Economies.com)
GBPUSD surpasses the resistance – Analysis - 12-10-2018
 

The GBPUSD pair managed to breach 1.3223 level and closed the last four hours’ candlestick above it, which supports the continuation of our bullish overview in the upcoming sessions, paving the way to head towards 1.3325 that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend supported by the EMA50, taking into consideration that breaking 1.3223 and trading below it might press the price to test 1.3115 areas initially before any new attempt to rise.

 

Expected trading range for today is between 1.3165 support and 1.3325 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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