The GBP/USD keeps its positive stability – Analysis – 26/11/2020

gbp_usd_news_1The GBPUSD pair managed to step above the bullish channel’s resistance again after the decline that it witnessed yesterday, which supports the continuation of our bullish overview on the intraday and short term basis, waiting to visit 1.3482 that represents our next positive station.

Holding above 1.3315 is important to continue the suggested rise, as breaking it will put the price under correctional bearish pressure that targets testing 1.3190 areas initially and might extend to 1.3105 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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