Forex

The GBPUSD faces negative pressure - Analysis - 30-11-2020

2020-11-30 05:13:09 GMT (Economies.com)

The GBPUSD pair faced strong negative pressure on last Friday’s evening to attack 1.3315 level, but it begins today positively to settle above this level, supported by the positive signal provided by stochastic, which keeps the chances valid to continue the expected bullish trend for the upcoming period, which its next target located at 1.3482.

 

The EMA50 supports the suggested rise, noting that breaking 1.3315 will press on the price to start correctional bearish wave that targets testing 1.3190 areas and might extend to 1.3060 before any new attempt to rise.

 

The expected trading range for today is between 1.3270 support and 1.3430 resistance.

 

The expected trend for today: Bullish

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