The GBP/USD tests the support – Analysis – 31/03/2020

gbp_cfd_1The GBPUSD pair opens today’s trading with clear negativity to attack the key support 1.2304, but it keeps its stability above it until now, waiting to resume the positive trading to test 1.2515 as a first station, reminding you that breaching this level will extend the bullish wave towards 1.2777.

Therefore, the bullish trend will remain valid on the intraday basis conditioned by the price stability above 1.2304.

The expected trading range for today is between 1.2250 support and 1.2460 resistance.

The expected trend for today: Bullish

Origin: Economies

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