The GBP/USD resumes rising – Analysis – 31/10/2019

gbp_cfd_1The GBPUSD pair resumed its positive trading after leaning well on 1.2840, waiting for more rise in the upcoming period, supported by the EMA50 that continues to carry the price from below, and the way is open to achieve our positive targets that begin at 1.3000 followed by 1.3045.

We should note that holding above 1.2840 is important to continue the expected rise, as breaking it will press on the price to start correctional bearish wave that its targets begin by testing 1.2760 areas.

The expected trading range for today is between 1.2840 support and 1.3045 resistance.

The expected trend for today: Bullish

The GBPUSD resumes rising – Analysis - 31-10-2019

Origin: Economies

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