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GBPUSD gets the positive . . .

Sep 122017

GBPUSD gets the positive momentum – Analysis - 12-09-2017

 

The GBPUSD pair returns to breach the bullish flag resistance that appears on the minor image, which supports the continuation of the expected bullish trend scenario on the intranet and short term basis, noticing that stochastic shows clear oversold signals now, providing positive motive that we are waiting to assist to push the price to achieve more gains in the upcoming sessions.

 

Therefore, the bullish trend will remain suggested for today, and the targets begin at 1.3266 and extend to go further towards 1.3445 after breaching the previous level, reminding you that it is important to hold above 1.3107 to achieve the suggested targets.

 

Expected trading range for today is between 1.3107 support and 1.3300 resistance.

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