The GBPUSD rallies strongly – Analysis - 11-10-2019
Economies.com
2019-10-11 04:47AM UTC
The GBPUSD pair settled around 1.2450 level after the strong bullish rally that it witnessed yesterday, as it is affected by the positive statements coming from UK and Ireland leaders about the Brexit plans, which paves the way to achieve more bullish correction on the intraday and short term basis, waiting to test 1.2500 level mainly.
Therefore, the bullish trend will be expected for today unless breaking 1.2295 level and holding below it again, noting that breaching 1.2500 will confirm the extension of the bullish wave to target 1.2670 as a next main station.
The expected trading range for today is between 1.2350 support and 1.2650 resistance.
The expected trend for today: Bullish
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