Midday update for the GBPUSD 29-05-2020

Economies.com
2020-05-29 10:15AM UTC

The GBPUSD pair tests the key support base 1.2304 now, which represents the first protection factor to the morning suggested positive scenario, waiting to resume the expected bullish trend today, which depends on the price stability above the mentioned support and the most important above 1.2240, reminding you that our main targets begin at 1.2410 and extend to 1.2515.

 

The expected trading range for today is between 1.2240 support and 1.2430 resistance.

 

The expected trend for today: Bullish

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