The GBP/USD surpasses the minor resistance – Analysis – 30/12/2020

gbp_news_cmc_forex_1The GBPUSD pair managed to surpass 1.3510 level and hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, opening the way to head towards our first positive target at 1.3624, which breaching it represents the key to rally towards 1.3760 as a next target.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.3440.

The expected trading range for today is between 1.3460 support and 1.3630 resistance.

The expected trend for today: Bullish

Origin: Economies

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