The GBP/USD reaches the positive target – Analysis – 09/03/2020

news_22_feb_2_gbp_usdThe GBPUSD pair confirmed breaching 1.2970 level and rallied higher to reach 1.3150 level, note that the price in its way to regain the main bullish trend, and the price needs to breach the mentioned level to confirm the extension of the bullish wave to 1.3300 as a next positive station.

therefore, the bullish trend will be expected in the upcoming period, being aware that breaking 1.2980 then 1.2920 levels will stop the expected rise and pushes the price to return to the bearish correctional track again.

The expected trading range for today is between 1.2980 support and 1.3160 resistance.

The expected trend for today: Bullish

Origin: Economies

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