GBPUSD continues the bullish rally – Analysis - 21-06-2016
Economies.com
2016-06-21 00:53AM UTC
The GBPUSD pair provided more of the positive trading yesterday and attempted to breach 1.4700 level, without holding above it, to show sideways trading near 1.4670, where the price affected by stochastic negativity, which might push the price to provide more of the sideways fluctuation until getting enough positive momentum to push the tarding to the upside again.
In general, we keep preferring the bullish trend on the short term basis if the price settled above 1.4345 level, reminding you that our main waited targets reach to 1.4900 then 1.5000.
Expected trading range for today is between 1.4570 support and 1.4800 resistance.
Expected trend for today: Bullish
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