The GBP/USD surpasses the first target – Analysis – 31/07/2020

news_22_feb_2_gbp_usdThe GBPUSD pair rallied upwards strongly yesterday to surpass our first waited target at 1.3070 and attacks the bullish channel’s resistance that appears on the chart, paving the way to head towards our next positive station at 1.3200.

Therefore, the bullish trend scenario will remain valid and active for the upcoming sessions, supported by the EMA50, noting that holding above 1.3000 represents initial condition to continue the suggested bullish wave.

The expected trading range for today is between 1.3030 support and 1.3200 resistance.

The expected trend for today: Bullish

Origin: Economies

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