The GBPUSD breaches the resistance – Analysis - 01-05-2019
Economies.com
2019-05-01 03:42AM UTC
The GBPUSD pair rallied upwards strongly to breach 1.2995 level and settles above it, which stops the recently suggested negative scenario and push the price to turn to rise, targeting heading towards 1.3100 followed by 1.3226 levels as next main stations.
Moving above the EMA50 supports the expectations to rise, noting that the bullish trend will remain valid unless breaking 1.2962 level and holding below it again.
The expected trading range for today is between 1.2960 support and 1.3130 resistance.
The expected trend for today: Bullish
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