The GBPUSD achieves strong gains – Analysis - 12-03-2019

2019-03-12 05:17:19 GMT (Economies.com)
The GBPUSD achieves strong gains – Analysis - 12-03-2019
 

The GBPUSD pair rallied upwards strongly yesterday to breach 1.3050 level and attacks the key resistance 1.3226, affected by the UK parliamentary vote on Brexit, and we expect witnessing more mixed trades and volatility today, waiting the results of the vote today.

 

Therefore, we prefer staying aside until the pair’s trades settle, taking into consideration that breaching 1.3226 will lead the price to achieve more gains and head towards areas that reach 1.3490 on the near term basis, while breaking 1.3115 will press on the price to decline again and visit 1.2962 level initially.

 

The expected trading range for today is between 1.3100 support and 1.3320 resistance.

 

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1197
-0.0013
0.1164%
1.2705
-0.0027
0.2093%
14.594
0.029
0.199%
58.388
-0.657
1.114%
68.80
0.11
0.16%
1286.275
1.365
0.106%
 
 
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