The GBPUSD awaits more rise - Analysis - 18-05-2022

2022-05-18 04:20:30 GMT (Economies.com)
 

The GBPUSD pair ended yesterday above 1.2423, to reinforce the expectations of continuing the rise in the upcoming sessions, targeting 1.2590 as a next correctional station.

 

The EMA50 continues to support the price from below, to keep the bullish trend scenario suggested on the intraday basis unless breaking 1.2420 and holding below it.

 

The expected trading range for today is between 1.2400 support and 1.2565 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0185
-0.0063
0.6177%
1.2077
-0.0173
1.4143%
19.927
-0.369
1.821%
89.229
-4.435
4.735%
95.20
0.30
0.32%
1772.255
1.955
0.110%
 
 
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