Forex

The GBPUSD keeps its positive stability – Analysis - 05-08-2020

2020-08-05 03:56:45 GMT (Economies.com)

The GBPUSD pair faced negative pressure yesterday to attempt to break 1.3000, but it bounced upwards quickly to settle near 1.3100, which keeps our bullish overview valid for the upcoming period, which gets continuous positive support by the EMA50, reminding you that our next main target is located at 1.3200.

 

Note that breaching 1.3090 will ease the mission of achieving the waited target, while holding above 1.3000 represents key condition to continue the suggested rise.

 

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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