GBPUSD confirms the breach – Analysis - 11-09-2018

Economies.com
2018-09-11 04:15AM UTC

The GBPUSD pair settled above 1.2963 level after the bullish rally that it witnessed yesterday, to turn the intraday and short term trend to rise, targeting testing 1.3105 followed by 1.3226 levels as next main stations.

 

Therefore, the bullish bias will be suggested in the upcoming sessions, supported by moving above the EMA50, as the price trades inside the bullish channel that appears on the chart, noting that breaking 1.2963 will put the price under the negative pressure again.

 

Expected trading range for today is between 1.2963 support and 1.3130 resistance.

 

Expected trend for today: Bullish

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