The GBP/USD achieves the first target – Analysis – 01/06/2020

forex_news_gbp_7The GBPUSD pair trades with strong positivity since today’s open to succeed achieving our first waited target at 1.2410, waiting for more rise to head towards our next main station at 1.2515.

The bullish channel continues to carry the price to achieve more gains, and the EMA50 provides continuous positive support, thus, our bullish overview will remain valid for the upcoming period unless breaking 1.2304 and holding below it.

The expected trading range for today is between 1.2304 support and 1.2500 resistance.

The expected trend for today: Bullish

Origin: Economies

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