The GBPUSD faces the moving average – Analysis - 13-05-2019

Economies.com
2019-05-13 00:53AM UTC

The GBPUSD pair finds solid resistance formed by the EMA50, which shows the need to get enough positive momentum to push trades to surpass 1.3030 resistance barrier to ease the mission of heading towards our main waited positive target at 1.3226.

 

In general, we will keep our bullish overview on the intraday and short term basis conditioned by the price stability above 1.2962.

 

The expected trading range for today is between 1.2940 support and 1.3100 resistance.

 

The expected trend for today: Bullish

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