The GBP/USD keeps its positive stability – Analysis – 03/12/2020

gbp_usd_news_1The GBPUSD pair faced strong negative pressure yesterday to attack 1.3315 and attempts to break it, but the decline stopped at the sideways track support line that its signs appear on the chart, to rebound upwards clearly and approaches 1.3400 level, waiting to surpass this level to confirm continuing the main bullish trend.

Stochastic keeps providing positive signals that support the chances of achieving the required breach, to keep our bullish overview for the upcoming period conditioned by the price stability above 1.3315 and 1.3285 levels, noting that our next main target is located at 1.3482.

The expected trading range for today is between 1.3315 support and 1.3484 resistance.

The expected trend for today: Bullish

Origin: Economies

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