The GBP/USD breaches the resistance – Analysis – 14/02/2020

gbp_cfdThe GBPUSD pair breached 1.2975 level clearly and settled above it, to activate the positive scenario on the intraday basis, on its way to test 1.3150 level initially.

Therefore, the bullish bias will be valid for the upcoming period, noting that surpassing the targeted level will push the price to 1.3300 as a next main station, while the expected rise will remain valid unless breaking 1.2920 level and holding below it.

The expected trading range for today is between 1.2975 support and 1.3150 resistance.

The expected trend for today: Bullish

Origin: Economies

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