The GBP/USD keeps rising – Analysis – 30/07/2020

gbp_usd_news_1The GBPUSD pair shows more rise to approach 1.3000 barrier, reinforcing the expectations of continuing the main bullish trend, which targets the bullish channel’s resistance line that rises now to 1.3070, to suggest witnessing additional positive trades in the upcoming sessions.

Stochastic current negativity might cause some temporary sideways fluctuation until the price gains enough positive momentum to push the pair to continue the main bullish trend, which its targets extend to 1.3200 after surpassing the previous level, taking into consideration that breaking 1.2925 will put the price under negative pressure that targets testing 1.2777 areas before any new attempt to rise.

The expected trading range for today is between 1.2900 support and 1.3100 resistance.

The expected trend for today: Bullish

Origin: Economies

Leave a Reply