GBP/USD pair continued its bullish momentum
yesterday and reached an intraday high at 1.3210. Still the expectations for
upward movement remain in the shortest possible time. As it is clearly seen on the
four-hour chart, the price tested H4 EMA 200 located in the area of 1.3215. A
clear break above that level will trigger bullish pressure for testing 1.3300,
but as long as price stays below 1.3500, more likely is the bearish scenario. The
intraday support is located at 1.3150. A clear break below it might take the
pair in neutral zone testing 1.3100 or lower.
No comments:
Post a Comment