The GBPUSD succeeds to breach – Analysis - 05-12-2019

Economies.com
2019-12-05 05:42AM UTC

The GBPUSD pair managed to breach 1.3045 level and settled with a daily close above it, which supports the continuation of our bullish overview efficiently in the upcoming period, and the way is open to achieve our next target at 1.3180, noting that surpassing this level will extend the bullish wave to reach 1.3380.

 

Therefore, the bullish bias will remain suggested on the intraday and short term basis unless breaking 1.2960 level and holding below it.

 

The expected trading range for today is between 1.3045 support and 1.3200 resistance.

 

The expected trend for today: Bullish

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