The GBPUSD attempts to recover – Analysis - 19-08-2019
Economies.com
2019-08-19 05:14AM UTC
The GBPUSD pair breached 1.2135 level and settled above it, which opens the way for more bullish correction on the intraday basis, expecting to test 1.2207 followed by 1.2360 levels in the upcoming sessions.
Therefore, the bullish bias will be expected for today supported by moving above the EMA50, taking into consideration that breaking 1.2135 and holding below it again will reactivate the bearish trend scenario that its next main target located at 1.1930.
The expected trading range for today is between 1.2100 support and 1.2250 resistance.
The expected trend for today: Bullish
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