The GBP/USD surpasses the resistance – Analysis – 25/11/2020

gbp-l3The GBPUSD pair ended yesterday above the bullish channel’s resistance line, to add more confirmation to the continuation of the expected bullish trend on the intraday and short term basis, paving the way to head towards our main positive target that reaches 1.3482.

Therefore, we are waiting for more rise in the upcoming sessions, supported by the EMA50, noting that breaking 1.3310 will stop the suggested rise and put the price under correctional negative pressure that targets testing 1.3190 and might extend to 1.3105 levels before any new attempt to rise.

The expected trading range for today is between 1.3300 support and 1.3482 resistance.

The expected trend for today: Bullish

Origin: Economies

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