The GBP/USD finds solid support – Analysis – 29/06/2020

forex_news_gbp_7The GBPUSD pair found solid support at 1.2304, and it couldn’t manage to break it in the previous sessions, to start providing positive trading and move away from the mentioned level, which pushes the price to achieve expected intraday gains in the upcoming period, on its way to visit 1.2430 followed by 1.2515 levels as main positive stations.

Therefore, the bullish bias will be expected for today supported by stochastic positivity, noting that breaking 1.2304 will stop the suggested rise and press on the price to continue the decline in the bearish channel that appears on the chart.

The expected trading range for today is between 1.2300 support and 1.2480 resistance.

The expected trend for today: Bullish

Origin: Economies

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