The GBP/USD reaches the first target – Analysis – 25/03/2020

com-l4The GBPUSD pair continues to rise to reach our first waited target at 1.1830, noting that the price placed higher low recently, to support the chances of achieving more bullish correction in the upcoming period, as breaching the mentioned level represents the key to head towards 1.2093 direct.

Therefore, we will continue to suggest the bullish trend, noting that breaking 1.1590 will stop the suggested rise and presses on the price to decline again.

The expected trading range for today is between 1.1700 support and 1.1930 resistance.

The expected trend for today: Bullish

Origin: Economies

Leave a Reply