The GBP/USD keeps its positive stability – Analysis – 18/06/2020

com-l4The GBPUSD pair tested 1.2515 level and keeps its stability above it, noticing that stochastic provides clear positive signals on the four hours’ time frame, to motivate the price to provide expected positive trades in the upcoming sessions, waiting to visit 1.2777 as a next main station.

Therefore, we will continue to suggest the bullish trend for today unless we witnessed clear break and hold with a daily close below 1.2515.

The expected trading range for today is between 1.2470 support and 1.2660 resistance.

The expected trend for today: Bullish

Origin: Economies

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