Midday update for the GBPUSD 02-07-2020

Economies.com
2020-07-02 09:36AM UTC

The GBPUSD pair touches our waited target at 1.2515 and hints the price head to breach this level, which keeps the bullish trend scenario valid for today, supported by the EMA50 that carries the price from below, reminding you that our next positive targets extend to 1.2640 followed by 1.2777.

 

We need to take into consideration that failing to achieve the required breach might put the price under negative pressure that targets testing 1.2415 areas and might extend to 1.2304 before any new attempt to rise.

 

The expected trading range for today is between 1.2400 support and 1.2590 resistance.

 

The expected trend for today: Bullish

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