The GBPUSD pair ended yesterday with clear negativity to test the EMA50 that formed good support base against the price, to start rising by today’s open, accompanied by witnessing positive signals through stochastic, waiting for more bullish bias in the upcoming sessions, noting that our next target is located at 1.3775.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 1.3550 will press on the price to achieve more decline and test 1.3375 areas before any new attempt to rise.
The expected trading range for today is between 1.3510 support and 1.3690 resistance.
The expected trend for today: Bullish
Origin: Economies
