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QuantumLabSignals

GBP/USD technical analysis

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
QuantumLabSignals  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex forexsignals GBPUSD GBP USD fx analysis Technical Analysis technical
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trendanalysis forex forexsignals gbpusd gbp usd fx analysis technicalanalysis technical
The pair is still trading around the EMA50 and is currently testing the support level of the bullish channel. Stability above this level, along with an oversold Stochastic, makes us wait for an upward movement with a target of 1.2490. The expected trading range for today is between support 1.2200 and resistance 1.2370.
Recommendations: Buy.
Support 1.2255 1.2230 1.2210
Resistance 1.2300 1.2320 1.2350
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