The GBP/USD hits the first target – Analysis – 11/11/2020

gbp_cfdThe GBPUSD pair succeeded to touch our first waited target at 1.3270 and attempts to breach it, which supports the continuation of the positive overview, paving the way to extend the bullish wave to target 1.3482 as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, noting that breaking 1.3210 will put the price under expected negative pressure that might target 1.3000 areas mainly before any new positive attempt.

The expected trading range for today is between 1.3200 support and 1.3360 resistance.

The expected trend for today: Bullish

Origin: Economies

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