The GBP/USD within sideways track – Analysis – 01/12/2020

gbp_cfd_1The GBPUSD pair continues to fluctuate within sideways track as appears on the chart, waiting to get enough positive momentum to push the price to surpass 1.3400 level and push the price to continue the main bullish trend that targets 1.3482 as a next main station.

In general, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, conditioned by the price stability above 1.3315.

The expected trading range for today is between 1.3270 support and 1.3450 resistance.

The expected trend for today: Bullish

Origin: Economies

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