The GBP/USD resumes rising – Analysis – 05/06/2020

news_22_feb_2_gbp_usdThe GBPUSD pair resumed its positive trading strongly yesterday after testing 1.2515 level, which supports the continuation of our bullish overview on the intraday and short term basis, as it moves inside bullish channel that reinforces the chances of heading towards our waited positive target at 1.2777.

Therefore, we will keep our bullish overview for the upcoming period, which gets continuous support by the EMA50, reminding you that it is important to hold above 1.2515 to continue the expected rise.

The expected trading range for today is between 1.2515 support and 1.2700 resistance.

The expected trend for today: Bullish

Origin: Economies

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