The GBPUSD resumes rising – Analysis - 15-10-2019
Economies.com
2019-10-15 04:44AM UTC
The GBPUSD pair bounced bullishly after approaching the key support 1.2500 yesterday, on its way to test 1.2670 resistance now, getting positive signal through stochastic, which forms good motive that we are waiting to assist to push the price to breach the mentioned resistance and confirm the extension of the bullish wave towards 1.2837.
Therefore, we will keep our bullish overview for today unless breaking 1.2500 level and holding below it.
The expected trading range for today is between 1.2520 support and 1.2720 resistance.
The expected trend for today: Bullish
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