The GBPUSD tests the minor support - Analysis - 28-11-2022
Economies.com
2022-11-28 04:40AM UTC
The GBPUSD pair tests the minor bullish channel’s support line that appears on the chart, getting continuous support by the EMA50, waiting to resume the bullish wave that targets 1.2150 followed by 1.2260 areas as next positive stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by stochastic positivity, taking into consideration that breaking 1.2000 will press on the price to achieve intraday bearish correction before turning back to rise again.
The expected trading range for today is between 1.1960 support and 1.2150 resistance.
The expected trend for today: Bullish
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