GBP/USD within sideways track – Analysis – 22/02/2019

a-4The minor image shows that the GBPUSD pair fluctuates within sideways track recently, which we believe that it forms positive rectangle pattern, thus, breaching 1.3095 will provide good positive motive that supports the expectations of continuing the main bullish trend.

The EMA50 and stochastic provide positive signals now, making the chances valid to rise in the upcoming sessions, reminding you that our next target reaches 1.3226, while achieving it conditions holding above 1.2962.

The expected trading range for today is between 1.2960 support and 1.3150 resistance.

The expected trend for today: Bullish

GBPUSD within sideways track – Analysis - 22-02-2019

Origin: Economies

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