Forex

The GBPUSD resumes the rise – Analysis - 06-08-2020

2020-08-06 03:55:49 GMT (Economies.com)

The GBPUSD pair traded with clear positivity yesterday to settle above 1.3100 barrier, reinforcing the expectations of continuing the bullish trend, which gets continuous support by the EMA50, waiting to test 1.3200 level as a next main target.

 

Stochastic begins to get rid of its negative momentum, waiting to get positive momentum that assists to push the price to achieve our positive targets, noting that holding above 1.3000 is important to continue the suggested bullish wave.

 

The expected trading range for today is between 1.3050 support and 1.3220 resistance.

 

The expected trend for today: Bullish

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