Midday update for the GBPUSD 06-12-2019

Economies.com
2019-12-06 10:33AM UTC

The GBPUSD pair provides slight negative trades affected by stochastic, while the EMA50 keeps providing the positive support to the price.

 

Therefore, the bullish trend scenario will remain valid for today, organized inside the bullish channel that appears on the chart, noting that our waited targets begin at 1.3180 and extend to 1.3380, while achieving them requires holding above 1.2975.

 

The expected trading range for today is between 1.3080 support and 1.3240 resistance.

 

The expected trend for today: Bullish

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