The GBPUSD needs the positive momentum - Analysis - 28-10-2020
Economies.com
2020-10-28 03:39AM UTC
The GBPUSD pair provided positive trades after testing 1.3000 level yesterday, showing some slight bearish bias now affected by stochastic negativity, waiting to get enough positive momentum to push the price to resume the expected bullish trend for the upcoming period, which targets 1.3225 followed by 1.3300 levels as next main stations.
Until now, we will continue to suggest the bullish trend on the intraday and short term basis unless we witnessed clear break to 1.3000 followed by 1.2970 levels and holding below them.
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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