The GBP/USD gets the positive momentum – Analysis – 13/06/2019

eu-l13The GBPUSD pair traded with clear negativity yesterday to test the intraday bullish channel’s support line, accompanied by stochastic entering the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again, waiting to visit 1.2795 level that represents our first main station.

Therefore, we will keep our bullish overview unless breaking 1.2636 level and holding with a daily close below it.

The expected trading range for today is between 1.2610 support and 1.2780 resistance.

The expected trend for today: Bullish

The GBPUSD gets the positive momentum – Analysis - 13-06-2019

Origin: Economies

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