The GBP/USD recovers – Analysis – 11/07/2019

gbp_cfd_1The GBPUSD pair breached 1.2476 level clearly and ended yesterday’s trading above it, starting today with more positivity to confirm the continuation of the rise on the intraday basis, expecting to test 1.2575 level initially.

Therefore, we suggest the continuation of the rise domination in the upcoming trading, noting that breaching the mentioned level will push the price to 1.2655 direct, while the expected rise will remain valid unless breaking 1.2476 level and holding below it again.

The expected trading range for today is between 1.2450 support and 1.2630 resistance.

The expected trend for today: Bullish

The GBPUSD recovers – Analysis - 11-07-2019

Origin: Economies

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