The GBP/USD touches the first target – Analysis – 17/12/2020

com-l4The GBPUSD pair managed to touch our first waited target at 1.3540 and finds solid resistance there, starting today with additional bullish bias to attempt to breach this level, which supports the continuation of our bullish overview on the intraday and short term basis, noting that the next positive targets begin at 1.3600 and extend to 1.3715.

The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 1.3335.

The expected trading range for today is between 1.3450 support and 1.3630 resistance.

The expected trend for today: Bullish

Origin: Economies

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