The GBPUSD needs the positive momentum – Analysis - 10-06-2019
Economies.com
2019-06-10 04:36AM UTC
The GBPUSD pair shows some bearish bias to test the intraday bullish trend line that appears on the chart, as the price is affected by stochastic negativity, but we notice that the EMA50 supports the price from below, to continue suggesting the bullish trend in the upcoming sessions, waiting to test 1.2795 level initially.
Note that surpassing the mentioned level will extend the bullish wave to reach 1.2963 as a next main station, while the bullish trend will remain valid unless breaking 1.2690 followed by 1.2636 levels and holding below them.
The expected trading range for today is between 1.2650 support and 1.2810 resistance.
The expected trend for today: Bullish
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