The GBP/USD tests the resistance – Analysis – 07/07/2020

eu-l13The GBPUSD pair continues to fluctuate at 1.2515 level and still below it, to keep the price stuck between the key levels represented by the mentioned resistance and 1.2435 support, thus, we will continue with our neutrality until we get a clearer signal for the next trend.

We remind you that breaching the mentioned resistance will complete forming bullish pattern that has positive targets that reach 1.2777 direct, while breaking the support will press on the price to decline towards 1.2304 as a first negative station.

The expected trading range for today is between 1.2400 support and 1.2600 resistance.

The expected trend for today: Neutral

Origin: Economies

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