Forex

The GBPUSD gets the positive momentum – Analysis - 20-03-2019

2019-03-20 04:54:42 GMT (Economies.com)

The GBPUSD pair returns to fluctuate near 1.3226 level and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.

 

Therefore, we believe that the chances are valid to resume the expected bullish trend for the upcoming period, which its next main target located at 1.3490, while holding above 1.3226 represents key condition to continue the expected rise.

 

The expected trading range for today is between 1.3200 support and 1.3350 resistance.

 

The expected trend for today: Bullish

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