The GBP/USD builds bullish track – Analysis – 16/09/2020

gbp_cfdThe GBPUSD pair closed the daily candlestick above 1.2880, noticing that the price moves inside an intraday bullish channel that supports the chances of achieving more rise in the upcoming sessions, on its way to head towards 1.3000 as a main positive target.

Therefore, the bullish bias will be suggested for today, noting that breaching 1.3000 will lead the price to continue rising on the short term basis, while breaking 1.2855 represents negative factor that will press on the price to head towards 1.2705 direct.

The expected trading range for today is between 1.2820 support and 1.3000 resistance.

The expected trend for today: Bullish

Origin: Economies

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