The GBP/USD builds new bullish channel – Analysis – 12/06/2019

eur_gbp_1The GBPUSD pair shows positive trades and settles above 1.2700 barrier, noticing that the price moves inside a new intraday bullish channel, which supports the chances of continuing the bullish bias in the upcoming sessions, as our first target is located at 1.2795.

The EMA50 supports the suggested bullish wave, which its targets extend to reach 1.2963 after surpassing the above mentioned level, reminding you that it is important to hold above 1.2636 to achieve the suggested targets.

The expected trading range for today is between 1.2630 support and 1.2800 resistance.

The expected trend for today: Bullish

The GBPUSD builds new bullish channel – Analysis - 12-06-2019

Origin: Economies

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