The GBPUSD recovers – Analysis - 29-05-2020
Economies.com
2020-05-29 04:29AM UTC
The GBPUSD pair breached 1.2304 level and closed the daily candlestick above it, to stop the recently suggested negative scenario and lead the price to resume the correctional bullish trend, on its way to visit 1.2410 followed by 1.2515 levels mainly.
Therefore, the bullish bias will be suggested for today, supported by the EMA50 that carries the price from below, noting that breaking 1.2304 followed by 1.2240 levels will stop the expected rise and press on the price to decline towards 1.2093 initially.
The expected trading range for today is between 1.2240 support and 1.2430 resistance.
The expected trend for today: Bullish
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