GBPUSD tests the moving average – Analysis - 20-09-2018
Economies.com
2018-09-20 04:16AM UTC
The GBPUSD pair bounced bearishly after achieving our waited target at 1.3226, noticing that the EMA50 managed to stop the price’s decline, to start rising again, waiting to breach the mentioned level to open the way to head towards 1.3300 as a next station.
Until now, the bullish trend still suggested, supported by the EMA50, noting that holding above 1.3075 represents initial condition to continue the suggested rise.
Expected trading range for today is between 1.3065 support and 1.3250 resistance.
Expected trend for today: Bullish
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