The GBPUSD breaches the resistance – Analysis - 27-05-2020
Economies.com
2020-05-27 04:32AM UTC
The GBPUSD pair kept rising yesterday to breach 1.2304 level and settles above it, which leads the price to achieve more expected gains in the upcoming period, as it completed forming double bottom pattern that its signs appear on the chart, to support the chances of rallying towards the positive targets that start at 1.2400 followed by 1.2515.
Therefore, the bullish trend will be expected for today, noting that breaking 1.2304 and holding below it again will put the price under the negative pressure that its next main target located at 1.2093.
The expected trading range for today is between 1.2230 support and 1.2420 resistance.
The expected trend for today: Bullish
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