The GBPUSD resumes the rise - Analysis - 19-10-2021

The GBPUSD pair opens today with clear positivity to move away from 1.3720 level, which supports the continuation of our bullish overview on the intraday and short term basis, motivated by stochastic positivity, and the way is open to achieve our first waited positive target at 1.3795, noting that breaching this level will extend the bullish wave to reach 1.3910 as a next target.

The EMA50 supports the suggested bullish wave, which its continuation requires holding above 1.3720.

The expected trading range for today is between 1.3690 support and 1.3850 resistance.

The expected trend for today: Bullish