Trading Tips:The GBPUSD pair provided more of the negative trading yesterday to settle at the bullish channel’s support level that appears in the image, where it closed the daily candlestick above this support that located now at 1.4155, which keeps the chances valid for resuming the bullish trend on the intraday basis, to target visiting the main bearish channel’s resistance at 1.4465.Stochastic positivity supports our expectations to rise, taking into consideration that breaking 1.4155 level and holding below it will lead the price to achieve more of the downside moves and target 1.4000 then 1.3800 level on the near term basis. Expected trading range for today is between 1.4080 support and 1.4300 resistance.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4125 TARGET 1.4145 1.4175 SL 1.4095
SELL GBP/USD BELOW 1.4090 TARGET 1.4070 1.4040 SL 1.4120
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