The GBPUSD tests the support base – Analysis - 07-05-2019
Economies.com
2019-05-07 02:15AM UTC
The GBPUSD pair tested the support base formed above 1.3100 level and keeps its stability above it, accompanied by witnessing oversold signals through stochastic, which supports the chances of bouncing bullishly to resuming the expected bullish trend on the intraday and short term basis, reminding you that our waited target is located at 1.3226.
Note that breaking 1.3100 might press on the price to test the most important support at 1.2962 before any new attempt to rise.
The expected trading range for today is between 1.3030 support and 1.3200 resistance.
The expected trend for today: Bullish
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