The GBPUSD surpasses the resistance – Analysis - 18-10-2019

The GBPUSD pair rallied upwards strongly yesterday and breached 1.2840 strongly and closed the daily candlestick above it, as it approached our next positive target at 1.3000, to hint the continuation of rising on the short term basis, paving the way to achieve gains that extend to reach 1.3180 as a next station.

Therefore, we will continue to suggest the domination of the bullish trend for today, noting that breaking 1.2840 will put the price under negative pressure that its targets begin by visiting 1.2670 areas.

On the other hand, we should note that it is important to be careful during today’s trading on the Sterling pairs, as we are waiting the UK meeting at the European referendum regarding the Brexit deal, which might cause mixed trades and high volatility to the Sterling pairs.

The expected trading range for today is between 1.2700 support and 1.3000 resistance.

The expected trend for today: Bullish