The GBPUSD resumes rising – Analysis - 12-12-2019

Economies.com
2019-12-12 05:46AM UTC

The GBPUSD pair provided new positive trades to surpass 1.3200 barrier and settles above it, which supports the continuation of our bullish overview efficiently in the upcoming period, which targets 1.3380 areas mainly.

 

The EMA50 keeps supporting the suggested bullish wave, organized inside the bullish channel that appears on the chart, taking into consideration that the continuation of the expected rise requires holding above 1.3055.

 

The expected trading range for today is between 1.3150 support and 1.3320 resistance.

 

The expected trend for today: Bullish

 

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