The GBP/USD hits the target – Analysis – 04/12/2020

news_22_feb_2_gbp_usdThe GBPUSD pair succeeded to achieve our waited target at 1.3482 yesterday and attempted to breach it, waiting for more rise to confirm surpassing this level and open the way to head towards 1.3630 that represents our next main target.

Therefore, we expect the continuation of the bullish trend domination on the intraday and short term basis, organized inside the bullish channels that appear on the chart, noting that holding above 1.3320 is important to continue the suggested rise.

The expected trading range for today is between 1.3360 support and 1.3550 resistance.

The expected trend for today: Bullish

Origin: Economies

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