Forex

The GBPUSD leans on the psychological barrier - Analysis - 27-10-2020

2020-10-27 03:59:56 GMT (Economies.com)

The GBPUSD pair found solid support at 1.3000 and could not manage to break it yesterday, to start building bullish wave that hints the price head to resume the main bullish trend, motivated by stochastic positivity, besides the EMA50 that forms good support against the price.

 

Therefore, we believe that the way is open to achieve more bullish bias in the upcoming sessions, targeting 1.3225 followed by 1.3300 levels as next main stations, noting that breaking 1.3000 followed by 1.2960 levels will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 1.2960 support and 1.3140 resistance.

 

The expected trend for today: Bullish

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