The GBPUSD breaches the resistance – Analysis - 16-10-2019
Economies.com
2019-10-16 04:50AM UTC
The GBPUSD pair rallied higher strongly yesterday, to breach 1.2670 level and settles above it, reinforcing the expectations of the bullish trend in the upcoming period, and the way is open for achieving our next target at 1.2837, pointing that this level will lead the price to achieve more of the gains and rising on the short and medium term basis.
Therefore, we will keep preferring the bullish trend in the upcoming period, conditioned by holding above 1.2670 level.
The expected trading range for today is between 1.2670 support and 1.2850 resistance.
The expected trend for today: Bullish
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