The GBP/USD turns to rise – Analysis – 06/11/2020

news_22_feb_2_gbp_usdThe GBPUSD pair rallied upwards strongly yesterday to confirm breaching 1.3000 level, as it settles above 1.3100 barrier now, which confirms the turn to rise, on its way to achieve positive targets that start at 1.3250 and extend to 1.3482.

Therefore, we suggest the continuation of the bullish trend domination in the upcoming sessions, and the price needs to get enough positive momentum to push trades to achieve the suggested targets, noting that the continuation of the bullish trend requires holding above 1.3000.

The expected trading range for today is between 1.3000 support and 1.3250 resistance.

The expected trend for today: Bullish

Origin: Economies

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