The GBPUSD gathers the positive momentum – Analysis - 10-12-2019
Economies.com
2019-12-10 05:49AM UTC
The GBPUSD pair shows sideways trading since yesterday, settling around 1.3150 level, noticing that stochastic gets rid of its negativity to approach the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the positive trades in the upcoming sessions.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 1.3000 level and holding below it, noting that our next main target is located at 1.3380.
The expected trading range for today is between 1.3080 support and 1.3240 resistance.
The expected trend for today: Bullish
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