The GBPUSD faces negative pressure – Analysis - 04-03-2019
Economies.com
2019-03-04 05:29AM UTC
The GBPUSD pair faced negative pressure on last Friday to attack 1.3226 level, but it begins today positively to move above this level, as the EMA50 formed good support barrier to protect the price from suffering more losses, while stochastic provides positive signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which its next main target located at 1.3490, while breaking 1.3226 and holding below it represents negative factor that will push the price to achieve negative targets that begin at 1.3100 and extend to 1.2962.
The expected trading range for today is between 1.3165 support and 1.3340 resistance.
The expected trend for today: Bullish
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