GBPUSD tests the support – Analysis - 25-02-2019
Economies.com
2019-02-25 05:14AM UTC
The GBPUSD pair faced strong negative pressure on last Friday to test the key support 1.2962, but it bounced upwards quickly to settle near 1.3100 barrier now, which keeps the overall bullish trend scenario valid, which its next main target located at 1.3226.
The EMA50 continues to protect the suggested positive scenario, which its continuation conditions holding above 1.2962.
The expected trading range for today is between 1.2980 support and 1.3170 resistance.
The expected trend for today: Bullish
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