The GBPUSD achieves the positive targets – Analysis - 23-08-2019
Economies.com
2019-08-23 03:06AM UTC
The GBPUSD pair rallied bullishly well yesterday to surpass our first target at 1.2207 and touches 50% Fibonacci correction level at 1.2267, showing some slight bearish bias on its way to test the support base formed at 1.2207, waiting to rebound bullishly to resume the correctional bullish trend, which its next target located at 1.2326.
Therefore, the bullish trend will remain suggested in the upcoming sessions, noting that breaking 1.2207 will stop the positive scenario and press on the price to return to resume the main bearish track again.
The expected trading range for today is between 1.2170 support and 1.2326 resistance.
The expected trend for today: Bullish
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