The GBPUSD recovers – Analysis - 01-07-2020
Economies.com
2020-07-01 04:20AM UTC
The GBPUSD pair breached 1.2304 level strongly and settled above it, starting attempts to surpass the bearish channel’s resistance that appears on the chart, making the bullish bias expected for the upcoming period, on its way to visit 1.2515 level mainly.
Therefore, we expect witnessing more rise today, noting that failing to surpass the current areas and breaking 1.2304 will put the price under the negative pressure again, to head towards 1.2093 areas on the near term basis.
The expected trading range for today is between 1.2300 support and 1.2490 resistance.
The expected trend for today: Bullish
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