BRITISH ELECTION: GBPUSD resumes rising – Analysis - 08-06-2017
The GBPUSD pair traded with clear positivity yesterday after leaning on 1.2890 level, reinforcing the expectations of the bullish trend continuation in the upcoming sessions, targeting testing 1.3100 level, pointing that the EMA50 provides continuous positive support for the price, while breaching the mentioned level represents the extension key for the bullish wave to the recorded top at 1.3443.
Holding above 1.2890 represents an important condition for the continuation of the expected rise, where breaking it will push the price to test 1.2720 levels before any new attempt to rise.
Expected trading range for today is between 1.2900 support and 1.3100 resistance.
Expected trend for today: Bullish
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