Forex

Midday update for the GBPUSD 05-08-2020

2020-08-05 09:07:16 GMT (Economies.com)

The GBPUSD pair resumes its positive trading and attempts to surpass 1.3100 barrier, to keep the bullish trend scenario valid and active for the rest of the day, which its next target located at 1.3200, noting that the EMA50 supports the suggested bullish wave, which will remain valid conditions by the price stability above 1.3000.

 

The expected trading range for today is between 1.3000 support and 1.3180 resistance.

 

The expected trend for today: Bullish

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